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Thursday, 29 Apr 2021 11:51 PM MYT A man stands near copper cathodes on a truck at a near Yangshan Deep Water Port, south of Shanghai, March 23, 2012. – Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. LONDON, April 29 — The price of a tonne of copper exceeded US$10,000 (RM41,025) today for the first time since February 2011 thanks to strong demand in China and the weak dollar. The industrial metal used in electronics and construction is called Dr Copper by many analysts as its performance is good at diagnosing the general health of the econ...

Views: Visits 8 (FILES) In this file photo taken on October 16, 2018 an Indonesian worker processes copper pipes at a Nakamoto Mfg factory in Oizumi, Gunma prefecture. – The price of copper is inching toward a record 10,000 dollar a tonne, a price not seen for a decade on April 27, 2021. (Photo by Kazuhiro NOGI / AFP) The price of a tonne of copper exceeded $10,000 on Thursday for the first time since February 2011 thanks to strong demand in China and the weak dollar. The industrial metal used in electronics and construction is called Dr Copper by many analysts as its performanc...

The price of copper on Tuesday hit a decade-high close to $10,000 a tonne, largely on strong Chinese demand and tight supplies of the metal used in popular electric wiring. Copper reached $9,965 a tonne on the London Metal Exchange -- the highest level since March 2011 -- on strike action in the world's biggest copper producer Chile and owing also to a weaker dollar, according to analysts. The price has more than doubled since dropping to $4,371 a tonne in March last year as the coronavirus pandemic took hold around the world. But with major copper consumer China enjoying strong economic reco...

Copper hits 10-year high on supply concern, easing dollar Shanghai copper prices hit their highest in over 10 years while the London contract jumped to near a decade high on Monday as supply concerns and a weaker dollar boosted prices. The dollar edged lower amid speculation U.S. Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week, making greenback-priced metals cheaper to holders of other currencies. Meanwhile, a potential strike in top producer Chile threatened supply. “We are in for a good run higher as we are having supply issue...

by Tyler Durden Monday, Apr 26, 2021 - 09:44 AM Copper futures hit their highest levels in ten years on Monday as several factors, including supply concerns, a weaker dollar, the Biden administration's plan to improve infrastructure, growth in renewable energy, and China's increasing demand, continue to fuel expectations of higher demand for the industrial metal. The dollar continues to edge lower Monday amid speculation Federal Reserve Chairman Jerome Powell will not announce tapering at this week's meeting, fueling higher copper prices.  Meanwhile, traders are concerned about supply due t...