- Write by:
-
Tuesday, September 8, 2020 - 11:12:40 AM
-
387 Visit
-
Print
Mining News Pro - Copper prices have continued to rise this week to almost $US6800 per tonne ($9345) as global concerns of a lack of supply continue.
The London Metals Exchange listed the red metal at $US6790.50 on September 7, which is the highest price since June 2018.
After an initial COVID-19 influenced slump, copper prices have been on the increase since June when the metal reached $US5700 per tonne thanks to a rebound in demand from the world’s top copper consumer, China.
The metal also reached record levels during July, picking up to $US6362 per tonne as Chinese imports rose to 762,211 tonnes during July, an 81 per cent improvement compared with July 2019.
As Latin American producers like Chile and Peru continue to experience volatility to operations due to the spread of COVID-19, prices are expected to continue in peaks and troughs.
Australian copper producers are enjoying a rise in share prices, reflective of the three-year highs, including OZ Minerals at $14.81 per share on September 8, IGO at $4.54 representing a 1.91 per cent increase while Sandfire Resources rose by 0.83 per cent to settle at $4.85 a share.
Short Link:
https://www.miningnews.ir/En/News/596325
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on ...
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter ...
Mining News Pro - Amir Khormishad, the CEO of the National Copper Industries Company of Iran, announced the 49% growth ...
No comments have been posted yet ...