Tag Archives: Base Metals
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
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
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.
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.
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.
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.
Copper prices still on the lows with weak demand in China
Key Points: In the early Asian session, copper (Symbol: Copper-C) prices consolidate at lows with slight uptick in smaller timeframes. While production remains high in China, demand is still weak. The official manufacturing PMI for China in June suggested a contraction in activity, which further dampened copper demand. Picture: Copper prices remain suppressed, asContinue Reading
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.
Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper
Key points: Base metals experienced declines on Tuesday, driven by a combination of a weaker Chinese yuan (CNY) and high physical inventories. The depreciation of Chinese yuan against the US dollar reaching its lowest in nearly seven months, reduced the purchasing power of Chinese buyers. This, coupled with weak demand, exerted pressure on metals likeContinue Reading
