Copper Rises As Expectations Grow for Further Assistive Action From China

In anticipation of more robust market-supporting policies from China, copper prices fell -0.84% Wednesday, closing at 715.95. The People’s Bank of China implemented measures to stimulate economic growth, including lowering the reserve requirement ratio for financial institutions and executing 100 billion yuan in 14-day reverse repos. In an effort to promote economic expansion, these steps…

Read More

Copper Rose Despite Strong Demand And Growing Supply Risks

Copper prices increased by 0.91% to close at 739.3, supported by strong demand and mounting worries over supply interruptions. The optimism was bolstered by industrial profit improvements in China, the world’s largest metals user, as well as hopes of Chinese economic policy support amidst concerns about supply interruptions owing to Red Sea shipping restrictions. The…

Read More

Concerns about demand reappeared following China’s dismal statistics, and copper fell

Copper prices saw a -0.48% decrease at the close, closing at 718.85, as worries over demand reappeared in the wake of disappointing Chinese statistics. October saw a third straight month of improvement in China’s industrial earnings, although the annual growth rate decreased to 2.7%. This number represented a notable slowdown from the 17.2% gain in…

Read More

With the Chinese economy weakening, demand worries have returned, causing copper prices to decline

Prices for copper fell -0.23%, ending the day at 712.25. This decline was caused by a number of causes, including the Federal Reserve’s cautious approach, anxieties about a probable government shutdown in the United States, and worry about decreased industrial demand as a result of a slowing Chinese economy. A stronger dollar and rising bond…

Read More

A stronger currency and increased stocks caused copper prices to decline

The price of copper decreased a little by -0.18%, ending the day at 732.1. Although encouraging signs from China, the world’s largest buyer of metals, restricted the losses, this decline was caused by a stronger currency and rising copper inventories. The amount of copper stocks in LME-registered warehouses increased by 1,125 tonnes, reaching a total…

Read More