Copper price hits new high on declining scrap supplies

Mining News Pro - Shortages of copper and declining inventories could drive prices to levels beyond current record highs unless scrap supplies increase — scrap accounts for about a third of the roughly 30 million tonnes of annual global copper supplies.

Copper price rockets to all-time high

Mining News Pro - Copper has topped its record price after reaching $US10,361 ($13,200) per tonne on the London Metal Exchange (LME) last week.

Copper price rockets to all-time high

Mining News Pro - Copper has topped its record price after reaching $US10,361 ($13,200) per tonne on the London Metal Exchange (LME) last week.

Copper price hits record high as Chile gives bulls another reason to cheer

The world’s top copper producer Chile is giving bulls another reason to cheer while prices soared to an all-time high on Friday as optimism about a global rebound from the pandemic spurs a surge across commodities markets.

Copper price could spike to $13,000 on low stocks

Mining News Pro - Copper prices climbed back towards $10,000 per tonne on Tuesday, supported by prospects for higher demand while inventories dwindle.

Copper price keeps soaring while ICSG predicts 79,000 tonnes surplus in 2021

Mining News Pro - The global copper market should see a surplus of 79,000 tonnes this year and of 109,000 tonnes in 2022, the International Copper Study Group (ICSG) said on Monday.

Chile output falls for 10th consecutive month, adding fuel to copper price rally

Mining News Pro - The world’s top copper producer Chile saw output of the red metal fall for the tenth consecutive month in March, government statistics agency INE said on Friday.

Copper price blasts to 10-year high as Chile strike adds momentum to rally

Mining News Pro - Copper price climbed to the highest since 2011 as the global recovery from the pandemic extended a rally in metals markets and as port workers in Chile called a strike.

Freeport-McMoRan swings to quarterly profit on higher copper prices

Mining News Pro - Freeport-McMoRan on Thursday reported a first-quarter profit, compared with a year-ago loss, as the world's largest publicly traded copper producer benefited from higher prices for the red metal from improving global economic recovery prospects.

Antofagasta says surging copper price not enough to entice big investments

Mining News Pro - Miners will think twice before splashing out on major new projects even as copper prices have soared to decade-long highs this year, the CEO of Chile`s Antofagasta told Reuters.

Copper price jumps as Chile closes its borders

Mining News Pro - Copper price jumped on Monday as investors assessed the decision by Chile to close its borders during April due to a spike in covid-19 cases.

Copper price falls amid rising exchange inventories

Mining News Pro - Copper prices fell on Monday amid rising exchange inventories and signs of weakening demand from top consumer China weighed on sentiment.

Copper price rises on optimism over US recovery

Mining News Pro - Copper prices rose on Friday, tracking gains in the equities market buoyed by optimism over the global economic recovery on positive US labour data and its faster-than-anticipated covid-19 vaccination roll-out plans.

Copper price crashes through $4 as bull case fades

Mining News Pro - Copper prices fell to their lowest in more than two weeks, as a stronger US dollar made greenback-priced metals more expensive to holders of other currencies.

Copper price rally is catching the eye of politicians

Mining News Pro - If three’s a trend, then copper producers awash with cash after a doubling of prices are entering the next phase of the cycle: increased fiscal pressure from their host nations.

Copper price rises on demand hopes

Mining News Pro - Copper futures advanced in London and New York on Wednesday on hopes of rising demand, but prices in Shanghai fell on fears of policy tightening by top consumer China.

Copper price crashes through $4.00, down 7%

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.

How high can copper price fly? this metals trader expects $12,000

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.

Codelco says copper price spike will bolster war chest, raise costs

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.

Copper price soars past $9,000 in record run

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.

Copper price keeps soaring as bullish sentiment prevails

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.

Copper price hits eight-year high on US stimulus hopes

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

Copper price rally resumes on US stimulus, decade low China stocks

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.

Copper price pressured by China demand worries

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.

Copper price in slump, hits one-month low

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.

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