For the first time since March 2022, copper stocks in COMEX warehouses are now higher than those on the London Metal Exchange (LME). The change is due to strong US demand and higher prices for copper in the US compared to other regions. Although LME copper stocks fell 37% to 164,725 metric tons due to…
Copper prices rose by 0.81% to settle at ₹824.45, driven by supply concerns and stronger demand signals. Peru, the world’s second-largest copper producer, reported a 1.2% decline in September production and revised 2024 output expectations to 2.8 million tons. The global refined copper market showed a deficit of 131,000 metric tons in September, compared to…
Copper prices fell -0.91% to settle at 814.8, driven by a stronger dollar that touched levels near 103.8, dampening hopes for a quick cut in interest rates by the Federal Reserve. Although China’s central bank cut benchmark lending rates to record lows, one- and five-year lending prime rates were cut by 25 basis points to…
