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TOCOM HITS 8-MONTH HIGH

  NEGOTIATOR’S TAKE: Higher Rubber costs mean upward price pressure on tires, industrial hoses, etc.   04.12.16 – Tokyo Benchmark Tokyo rubber futures extended gains to hit an 8-month high on Tuesday as firmer prices of oil and other commodities

METALS PRICES FOLLOW GOLD’S WAKE IN MULTIYEAR LOWS

NEGOTIATOR’S TAKE: A great time to be calling your metal parts suppliers and negotiating decreases.   China adding to market malaise Prices of major traded-metals have tumbled to multi-year lows as weak Chinese manufacturing data added to the brew of excess

Indonesia metal-ore ban: copper exports to resume in August

Indonesia introduced in January its controversial ban on exports of unprocessed minerals and ore. Under a revision of the tax, Freeport will pay a 7.5 percent duty on its copper concentrate exports, but that rate falls as it spends on

Copper drops after last week 19-week high

Copper fell in London as stockpiles expanded the most since March and some investors viewed last week’s rally as excessive. The LME’s three-month copper contract on Monday was down 0.4 per cent at $7,125 a metric ton. Last week, copper

Copper longest rally since 2005

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.

China weighs on copper futures

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 plummet, dragged down by China

Copper prices have fallen sharply last week on the London Metal Exchange, falling to their lowest level in more than three and a half years with investors worried about the current state of the Chinese economy. Fears that have weighed more

Copper lower on concerns about China

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

Copper outlook 2014

Despite the Federal Reserve’s decision last week to start ending its massive bond-buying stimulus, a major support for commodity prices for years, copper has held up quite well amid signs that the U.S. economy is on stronger footing. Copper stole

US, China and EU data drive copper to lowest in 3 months

Copper fell 2.3% on Wednesdays to $3.1595 a pound on the Comex division of the New York Mercantile Exchange, the lowest price since July 31. So far this year, the price declined 12 percent. Copper futures fell to a three-month