{"id":35859,"date":"2020-10-21T23:29:25","date_gmt":"2020-10-21T19:29:25","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35859"},"modified":"2020-10-21T23:29:28","modified_gmt":"2020-10-21T19:29:28","slug":"copper-prices-recovery-to-face-challenges-next-year","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/copper-prices-recovery-to-face-challenges-next-year\/10\/21\/market-updates\/","title":{"rendered":"Copper Prices Recovery to Face Challenges Next Year"},"content":{"rendered":"\n<p>A recent poll by Reuters showed that copper prices are set to struggle for reaching new highs next year.<\/p>\n\n\n\n<p>\u201cWhile 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,\u201d said Florent Pele, an analyst at Societe Generale in London.<\/p>\n\n\n\n<p>\u201cAnalysts raised full-year 2021 consensus forecasts by 9% from the previous poll,\u201d according to Reuters.<\/p>\n\n\n\n<p>Copper prices rose on Tuesday to a record high, supported by increased Chinese demand.<\/p>\n\n\n\n<p>Copper futures for December delivery went up by 6 cents, or 2%, and settled at $3.148 a pound, in the highest closing level for copper futures since June 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent poll by Reuters showed that copper prices are set to struggle for reaching new highs next year. \u201cWhile 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,\u201d said Florent Pele, an analyst at Societe Generale &hellip;<\/p>\n","protected":false},"author":10,"featured_media":30592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6931],"class_list":["post-35859","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-copper"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=35859"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35859\/revisions"}],"predecessor-version":[{"id":35860,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35859\/revisions\/35860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30592"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}