Base Metals

31

Jul 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

Jul 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

Jul 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

Jun 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

Jun 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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