Trends - copper price - Business Recorder

Markets

Copper prices dip

LONDON: Copper edged lower on Wednesday as investors took some money off the table over worries about a dip in ...

Published 03 Jun, 2021 04:13am

Markets

Copper falters on strong dollar and low Chinese demand

Benchmark copper on the London Metal Exchange (LME) was down 1% at $10,113.50 a tonne in official trading.
"Demand concerns have been raised onshore (in China), particularly in copper," broker Marex said in a note.

Published 02 Jun, 2021 06:16pm

Markets

Copper down on low China demand

LONDON: Copper prices gave up some gains on Tuesday in choppy trade as lower physical demand in top consumer China...

Published 02 Jun, 2021 04:29am

Markets

Shanghai copper registers second monthly gain on supply concerns

SHANGHAI: Shanghai copper registered a second consecutive month of gains on Monday as prices firmed on a potential...

Published 01 Jun, 2021 04:59am

Business & Finance

Canada's First Quantum sells Australia nickel mine stake to POSCO for $240mn

First Quantum said it and Posco have also agreed to evaluate a strategic partnership to produce battery precursor materials from production at the mine.
Ravensthorpe is a large-scale, open pit nickel and cobalt operation located in Western Australia. Nickel production last year was 12,695 tonnes.

Published 19 May, 2021 08:04pm

Markets

Copper turns higher as strike risk offsets weak China data

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $10,283.50 a tonne in official trading, close to last Monday's all-time peak of $10,747.50.
Chinese steel prices fell sharply, with buyers put off by higher prices and the government warning it will move against too rapid a rally.

Published 17 May, 2021 06:33pm

Markets

Copper slips after rallying to peak

LONDON: Copper slipped on Monday after touching a new record peak as bullish investors who recently entered the...

Published 11 May, 2021 04:39am

Markets

Copper scales record high on industry and speculative buying

Aluminium touches three-year peak.
Zinc surpasses $3,000 for 1st time since June 2018.
Lead hits highest since Oct. 2019.

Published 07 May, 2021 08:37pm

Markets

China’s super-charged buying reshapes copper market

LONDON: China’s net imports of refined copper surged by 38% to 4.4 million tonnes last year, breaking all...

Published 07 May, 2021 04:35am

Markets

Copper hits 10-year high on hopes for demand

LONDON: Copper hit a fresh 10-year high on Wednesday as some of the world’s largest economies showed signs ...

Published 06 May, 2021 03:49am

Markets

Copper prices resume climb towards $10,000

LONDON: Copper prices climbed back towards $10,000 per tonne on Tuesday, supported by prospects for higher demand...

Published 05 May, 2021 04:01am

Markets

Copper retreats after breaking $10,000 level

LONDON: Copper slipped on Thursday after briefly punching above the $10,000 level, last broken a decade ago, as...

Published 30 Apr, 2021 05:06am

Markets

Copper rally to lose steam in H2 as China curbs stimulus

Copper seen averaging $8,800/T in third quarter.
Copper market seen flipping to deficit in 2021.
Aluminium price seen slipping in H2.

Published 29 Apr, 2021 08:28pm

Markets

Teck posts 247pc jump in quarterly profit on higher copper prices

Average price realized for copper rose 54% to $3.92 per pound in the first quarter, while sales stood at 67,000 tonnes compared with 73,000 tonnes a year earlier.
Production at Teck Resources' steelmaking coal operations rose 20% to 5.9 million tonnes in the first quarter.

Published 28 Apr, 2021 09:17pm

Markets

Copper climbs towards record as market frets about supply

LONDON: Copper prices climbed on Tuesday towards the record above $10,000 a tonne seen a decade ago as worries about...

Published 28 Apr, 2021 03:18am

Markets

Chile hikes growth forecast for 2021 as copper price soars

Gross domestic product (GDP) will grow by 6% in 2021, up from a previous forecast in January of 5%, according to the report.
The price of copper is expected to hit $3.99 per pound, up sharply from a previous forecast of $3.35, the report said.

Published 27 Apr, 2021 08:57pm