Base metals prices on the Shanghai Futures Exchange were up across the board during the morning trading session on Monday December 9, supported by better-than-expected US jobs data and positive trade developments. The upward momentum seen across the SHFE base metals complex was mainly the result of strong US employment figures released at the end […]
Strong US jobs report pulls base metals prices higher; Cu climbs 1.8%
Copper hit by poor demand
6 years ago
It’s turning out to be a bad year for copper supply. Both mined and refined production fell in the first half of the year, according to the International Copper Study Group (ICSG). What was always going to be a year of weak supply growth has been made worse by a stream of supply disruptions. At […]
The price of copper was hammered on Friday amid an escalating trade war between the world’s two largest economies and a global economic slowdown. In early afternoon trading in New York, copper for delivery in July touched a low of $2.5685 a pound ($5,660 a tonne), down 3.6% from Thursday’s settlement to its […]
Shaky start for scrap metals in 2019
7 years ago
Base metals have had a shaky start to 2019, with a cautious first-quarter advance giving way to an April drop on uncertainty about the global economy and the impact Chinese stimulus will have on consumption. Clouding the outlook are mixed signals on world growth. China’s first official gauge of the manufacturing sector fell in April, […]
The price of copper dipped on Monday despite trade data showing Chinese imports of refined copper rebounding in March while ore and concentrate shipments continue to strengthen. Copper for delivery in May traded as low as $2.916 per pound ($6,430 a tonne) on the Comex market in New York, down from just shy of the […]





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