On the London Metal Exchange, copper for delivery in three months rose 0.4 percent to $6,915 a metric ton ($3.14 a pound). Copper futures for delivery in September gained 0.7 percent to settle at $3.166 a pound at 1:14 p.m.
Copper lost 2.2% to $6,615.50 per ton, in its worst week in over a month and a half, hit by fears of a slowdown in demand by China. The Asian nation is the world’s largest copper consumer, accounting for almost
Copper prices lost ground Tuesday on fears of a demand slowdown from China, the world’s largest consumer of the red metal. According to Jesper Donnesboe, senior raw materials strategist quoted by Bloomberg, copper prices were expected to go up due to
The flash reading for China compiled by HSBC and Markit fell to a six month low of 49.6 in January versus 50.5 in December, fueling worries about demand in the world’s top metals consumer. Consequently, copper fell to its lowest
At the end of June, it seemed that bottom was falling out of copper prices. Since then it gained a few percents, but last Thursday on the London Metal Exchange, copper for delivery in three months fell 2.2 percent to
Copper is currently on the rebound, on the back of its third bearish cycle from February to April. Shanghai Cifco Futures Co. expects prices to climb until the end of June before pulling back to $6,037.50 per tonne by September.
After a decade during which large copper companies have struggled to follow a demand driven by Chinese consumption, new projects are finally coming to life. Unfortunately, this increase in supply meets a slowdown in demand. Benchmark three-month copper was down more
Copper prices have so far resisted the sharp fall in other metals prices since the outbreak of the crisis in the euro zone last year. But they are now below the $8,000 per tonne threshold. The copper cycle, which lasted for more than ten