- Write by:
-
Saturday, November 19, 2022 - 10:15:23
-
270 Visit
-
Print
Mining News Pro - Asian stock markets were cautious and the dollar was set for a weekly gain, after comments from Fed officials, in the wake of employment data still showing a tight US labor market, dashed investors’ hopes for less aggressive monetary policy.
According to Mining News Pro - Copper prices fell on Friday amid concerns over the outlook for global demand and as hawkish remarks from US Federal Reserve officials sent the dollar higher.
Copper for delivery in December fell 0.8% on the Comex market in New York, touching $3.65 per pound ($8,030 per tonne).
The most-traded December copper contract on the Shanghai Futures Exchange slid 0.7% to 65,880 yuan ($9,245.02) a tonne.
Asian stock markets were cautious and the dollar was set for a weekly gain, after comments from Fed officials, in the wake of employment data still showing a tight US labor market, dashed investors’ hopes for less aggressive monetary policy.
Meanwhile, China struggled with rising covid-19 cases this week in big cities like Beijing and Guangzhou, fanning concerns about its economic performance.
“Orders from buyers have remained moderate since September. The current sentiment is weak as it’s hard to find any bright spot of demand next year,” a Chinese copper tube producer said.
Short Link:
https://www.miningnews.ir/En/News/622356
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer ...
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
Adriatic Metals is taking over as the operator of the Rupice deposit development, which is part of the company’s Vares ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
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 ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed ...
No comments have been posted yet ...