Copper

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

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.

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

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.

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 …

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.

Key points:  Copper prices on the LME dropped 0.8% to $4.90 per pound.  SHFE copper edged down 0.4% to $5.42 per pound.  Firmer US dollar and weak physical demand drag copper prices down.  On Tuesday, prices of copper (Symbol: COPPER-C) …

Key points: Shanghai copper contracts drop 0.7% to 81,180 yuan per metric ton. Firmer dollar makes greenback-priced metals more expensive for holders of other currencies. Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and …

2nd May 2024 – In this latest trading session, non-ferrous metals on the London Metal Exchange witnessed varying degrees of price increases, primarily driven by a dip in the U.S. dollar. This depreciation has made metals priced in dollars more …

Copper prices have been inching closer to the $10,000 per metric ton mark, reflecting a broader uptrend among base metals driven by increasing investment flows. On the London Metal Exchange (LME), the price for three-month copper reached $9,965.50 per ton, …