Tag Archives: Copper

Energy prices have recorded multi-year highs, Capital Economics highlights the commodities most sensitive to these price fluctuations.The commodities that are likely to be most affected by the looming energy crisis are the industrial metals, agriculture, and the precious metals sector, Capital Economics commodities economist Edward Gardner said in a report.Historically, …

Copper price declined, this weekend, after China said that it would closely monitor market conditions. The Chinese state planner will also continue to free policies concerning copper, aluminum and zinc from its state reserves, in an effort to maintain balance and encounter long-term mismatches between supply and demand.As a direct …

Oil prices extended their gains today, Friday, and are on a path of achieving a weekly profit of about 7%, with an improved outlook for crude demand and a strong economic recovery in China and the United States, which erased concerns about an increase in Covid-19 infections. With the close …

Copper prices surged on Thursday to their highest level in about a month and a half, amid positive economic data prompting expectations for higher demand, amid concerns about limited supplies of the red metal. Copper futures for May delivery rose by 2.2% to settle at $4.22 a pound, reaching its …

Copper fell to its lowest level in six weeks below $4 a pound, weighed by worries about demand from consuming China as well as supply disruptions after the Caixin survey showed that Chinese manufacturing activity in March expanded unexpectedly at the slowest pace in nearly a year. Copper prices fell …

Copper futures rose on Tuesday to their highest level in about seven years, continuing a strong rally supported by increased demand and strong investors’ appetite for the red metal. Strong manufacturing data in China, and relatively in the United States, are also providing support for copper. Copper futures for March …

A recent poll by Reuters showed that copper prices are set to struggle for reaching new highs next year. “While the rebound was dazzling, most of the positive surprise is now behind us and this should not continue to significantly support copper prices at these high levels,” said Florent Pele, …

Copper prices rose on Tuesday to a record high, supported by increased Chinese demand. Copper futures for December delivery went up by 6 cents, or 2%, and settled at $3.148 a pound. This is the highest closing level for copper futures since June 2018.

Market experts are expecting copper prices to stabilize during the second half (H2) of 2020, despite the surge it saw in the second quarter (Q2) of the year, CNBC reports. The three-month copper futures are trading, on the London Metal Exchange (LME), above $6,000 per ton since the end of …