Base Metals

23 September 2024
Copper prices edge higher on positive sentiment after Fed rate cut

Copper prices edge higher after the rate cut from the U.S. Federal Reserve, with further support stemming from improving U.S. economic sentiment and rising demand from China. -vtmarkets.com

30 August 2024
Copper prices edge higher on Fed rate cut hopes

Copper prices (Symbol: Copper-C) climbed to $4.21 per pound, marking a crucial recovery and positioning the orange metal for its first monthly gain since May 2024, with a modest 0.5% increase so far in August 2024. -vtmarkets.com

16 August 2024
Copper prices rise in the face of supply risks in Chilean mine 

Copper prices poised for first weekly gain in six weeks, driven by supply concerns at the Escondida mine in Chile and positive US economic data. Learn more.

12 August 2024
Copper prices dip with fear of U.S. recession

Copper prices fell as markets weighed ongoing economic uncertainties and awaited key demand outlook indicators. Copper dipped, reflecting cautious market sentiment.

31 July 2024
Base metals prices see uptick due to softer dollar

Nonferrous metals prices experienced an uptick on Wednesday, bolstered by a weaker dollar. However, the overall monthly trend points to a decline due to subdued demand from China.

24 July 2024
Copper prices slide on China demand concerns 

Copper prices fell low as physical demand in China weakens. Some market optimism remained due to the prospect of infrastructure and renewable energy investments.

2 July 2024
Copper prices still on the lows with weak demand in China 

Key Points:  Copper prices consolidate around $4.38 per pound with high production and weak demand.  The manufacturing PMI contraction in China signals potential economic slowdowns, dampening copper demand.  Short-term volatility in copper prices is expected due to the current economic …

21 June 2024
Copper prices slip as the US dollar gains strength 

Copper prices dipped with a stronger dollar but are set for the first weekly gain in five weeks. Increased physical demand offers support as markets stabilise.

11 June 2024
Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper 

Key points:  Most base metals fell on Tuesday due to a weaker Chinese yuan (CNY) and high physical inventories.  Copper fell 0.5% to $4.47 per pound.  High inventories and weak demand continued to pressure base metal prices.  Base metals experienced …

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