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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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 surged as signs of traction in demand offset concerns about low supply

Copper settled at 838.3 with a 1.02% increase yesterday. The increase was due to growing demand and supply concerns, which led to lower output commitments by Chinese copper smelters. This decline in activity levels was caused by the continuous problem of poor copper ore availability. Additionally, smelting fees have dropped to multi-year lows due to…

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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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Copper fell due to expectations of easier monetary policy from China

Copper prices fell -0.37% to 757.7 on prospects of looser monetary policy and a stronger dollar, hurting investor sentiment towards the industrial metal. Furthermore, growing stockpiles in LME warehouses, which reached their highest levels since February, put downward pressure on copper prices. The increasing disparity between LME cash copper and the three-month contract, the highest…

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