Copper

31 July 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.

2 July 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 June 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.

21 May 2024
Copper prices see slight decline with weaker base metals market and firmer US dollar 

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) …

6 May 2024
Shanghai copper falls on first trading session after holiday

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 …

2 May 2024
London Metal Prices See Gain; Softer Dollar More Attractive

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 …

26 April 2024
Copper Approaches $10,000 per Ton, Attracts More Investors

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, …

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