Keyword: "copper price"

Mining News Pro - Comex copper plunged on Thursday as doubts creep in about the sustainability of a rally that took the bellwether metal to within throwing distance of an all-time high.

Mining News Pro - Copper could surge above a record to $12,000 a tonne in 18 months on new demand from green initiatives, a leading metals trader said, giving one of the most bullish forecasts yet for the metal.

Mining News Pro - Chile’s state-owned Codelco, the world’s largest copper producer, views recent spike in the price of the red metal as a “good opportunity” to generate cash for investments and hold down debt, but warned it could also drive up the miner’s costs, a senior executive told Reuters on Monday.

Mining News Pro - Copper kept its momentous run going on Monday, now closing in on an all-time high set in 2011, as investors bet that supply tightness will increase as the world recovers from the covid-19 pandemic.

Mining News Pro - Copper prices continued to soar on Friday, surpassing the nine-year peak seen during the previous session, as bullish sentiment towards base metals resumed after the Chinese New Year.

Mining News Pro - Copper prices rose again on Tuesday with investors weighing prospects for a fast-tracked stimulus package in the US.

Mining News Pro - Copper prices rose on Monday as optimism around a US stimulus raised hopes of higher demand for metals and a recovery in the world’s biggest economy.

Mining News Pro - Copper prices edged lower on Tuesday as the industrial metal continues to be pressured by demand worries after data earlier this week showed easing manufacturing activity in China, the world’s top consumer.

Mining News Pro - Copper prices continued to slump on Friday, hitting their lowest point of the month amid a global sell-off in equities and a firmer US dollar, which made greenback-priced metals less appealing to holders of other currencies.

Mining News Pro - Copper prices fell sharply on Wednesday with anxiety over a “third wave” of variant covid-19 spreading across the globe and a stronger US dollar pushing down the bellwether metal, often seen as barometer of the economy.

Mining News Pro - Copper prices held steady on Monday despite expectations that its rapid recovery in recent months will reverse due to another virus outbreak in China and lower business activities around the globe.

Mining News Pro - Metals markets were hammered on Friday after a fresh coronavirus outbreak in China, which is responsible for more than half the world’s metal consumption, business activity numbers in Europe are at their weakest level since the recovery began in July and worries that the stimulus program of the incoming US administration may fall short of expectations.

Mining News Pro - Copper prices turned higher again on Wednesday on hopes stimulus in the US will further boost demand for the bellwether metal, already in short supply amid an Asian factory and construction boom and disruptions in top producing countries.

Mining News Pro - Copper prices continued their momentum from the second half of 2020 as the second wave of coronavirus infections intensifies in South America, the world’s top copper-producing region.

Mining News Pro - Copper prices jumped to the highest since February 2013 on Friday on hopes that economic stimulus in the US will further boost demand for the bellwether metal, already in short supply amid an Asian factory and construction boom.

Mining News Pro - Copper rallied for a fourth day on Friday, adding to this week’s powerful surge across base metals on hopes for a post-pandemic demand boom.

Mining News Pro - Copper price surged to a fresh two-year high on Friday following positive reports on covid-19 vaccine breakthroughs from Pfizer and Moderna.

Mining News Pro - Copper prices set fresh multiyear highs on Monday over worries about possible supply disruptions following unrest in Peru and optimism about the launch of a Chinese futures contract open to international investors.

Mining News Pro - The copper price on Friday attempted a fresh two-and-half year high, as Chinese smelters scramble to pick up concentrate on the spot market amid a political row between Beijing and Canberra.

Mining News Pro - The copper price was trading at its highest since June 2018 on Tuesday on hopes of a US stimulus package, worries about supply from top producer Chile and robust Chinese economic growth.

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