A weaker dollar and some short-covering helped copper rise

Copper prices rose by 0.48% to ₹821.05, driven by a softer dollar and short-covering activity. China’s pledge to increase debt and stimulate growth boosted sentiment, but it lacked specific details on the stimulus and limited enthusiasm. China’s weaker-than-expected September trade data raised concerns about demand, while the US Federal Reserve’s cautious interest rate cuts weighed…

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Copper Prices Drop in August After China’s Imports of Unwrought Copper Reach a 16-Month Low

Copper prices dropped by 0.75% to ₹784.95, primarily due to weaker demand from China, the world’s largest copper consumer. China’s unwrought copper imports fell to a 16-month low in August, with total imports down 12.3% year-on-year to 415,000 metric tons. This was largely due to reduced manufacturing activity and demand in key sectors like electric…

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Gold prices surpass $2,500 to record highs as expectations of a rate cut rise

As the prospect of lower U.S. interest rates hurt the dollar and encouraged more flows into the yellow metal, gold prices steadied in Asian trade on Wednesday after reaching record highs this week. Both spot and December-expiring gold futures saw 0.1% and 0.1% increases, respectively, to $2,515.44 and $2,553.35 an ounce. At $2,531.72 an ounce…

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Copper Gains Encouraged By Growing Apprehensions About Limited Supply

Concerns about bullish demand despite tightening supply conditions—which could result in market deficits—pushed copper prices higher by 0.26% to close at 894.3. Forecasts regarding the metal’s continued usefulness were validated by its essential position in a variety of industries, particularly in electrification for uses including grid-scale energy storage and electric car charging. Beijing’s move to…

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Copper Fell During 3-Month Copper Record High Discount For LME Cash

The LME cash copper contract trades at a substantial discount to the three-month contract, suggesting adequate near-term supply. This caused a modest decrease in copper prices yesterday, which ended at 801.4. The market’s excess inventory is highlighted by this discount, which is the biggest since at least 1982. Notwithstanding early optimism sparked by China’s better-than-expected…

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Improving demand from China has boosted Copper Rose

Copper prices rose 0.44% yesterday, finishing at 769.3, boosted by optimistic signs from China, the world’s largest purchaser of metal. This increase signals a potential resurgence in the sector, which has faced hurdles due to low demand in China’s industrial sector. Furthermore, the prospect of reduced supply as Chinese copper smelters consider cooperative output reduction…

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