Despite China’s Covid wave, copper continues to maintain steady

On Wednesday, copper prices stayed around $8,350 a tonne as expectations that China’s relaxation of Covid-19 limits will eventually boost demand were countered by an increase in infections that are short-terming consumption.Due to its rigorous zero-Covid policy, which hampered economic growth and caused copper prices to drop as low as $6,955 in July after reaching…

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Lead rises as equities decline

Lead prices reached a seven-week high on Thursday stockpiles fell amid concerns about smelter closures. Copper and zinc prices also increased as a result of limitations placed on metal from a Russian business by the London Metal Exchange (LME). Trading was choppy as investors also tried to factor in potential loss of demand from aggressive…

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Copper Slips in Worrying About Chinese Demand After Trade Data

Copper prices fell on Monday as investors feared weaker-than-expected trade data from top consumer China. China’s copper imports fell 8% in May over the previous month as higher prices further dampened buying interest, beating overall export growth analysts’ expectations. “When we receive data like this from China, it shows the risk that their rapid growth…

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