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Nickel’s attempt at a comeback from the Tsingshan-induced slump was knocked back on Monday after successive warnings from China’s top politicians about rising raw material prices.
Article content HANOI — Copper prices fell on Friday, cutting gains for the week as rising inflation in top consumer China stoked worries that the world’s second-largest economy could tighten monetary policy. Three-month copper on the London Metal Exchange (LME) fell 0.8% to $8,938.50 a tonne by 0736 GMT, up 1.7% this week. We apologize, but this video has failed to load. Try refreshing your browser, or Copper falls as China inflation fuels fears of credit tightening Back to video The most-traded May copper contract on the Shanghai Futures Exchange closed 0.1% up at 66,720 yuan ($10,171...
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The Globe and Mail Mai Nguyen Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Copper long speculators are at risk of a price pull-back due to a delayed pick up in Chinese demand in its traditionally strong industrial consumption season in the second quarter. Bullish investors, who poured money into copper eyeing a commodity super-cycle, have already reduced exposure amid fears of Chinese monet...
Reality check for copper price bulls as Chinese demand growth slows Stock Image Copper long speculators are at risk of a price pull-back due to a delayed pick up in Chinese demand in its traditionally strong industrial consumption season in the second quarter. Bullish investors, who poured money into copper eyeing a commodity super-cycle, have already reduced exposure amid fears of Chinese monetary tightening, a firm dollar and fresh coronavirus lockdowns in Europe. Sign Up for the Copper Digest Sign Up “There’s no point having money in copper at this point because we’re not going anyw...
Message : Required fields HANOI, March 10 (Reuters) - Copper futures advanced in London on Wednesday on hopes of rising demand, but prices in Shanghai fell on fears of policy tightening by top consumer China. Three-month copper on the London Metal Exchange advanced 0.5% to $8,822 a tonne by 0708 GMT, while the most-traded April copper contract on the Shanghai Futures Exchange ended down 1.9% at 65,330 yuan a tonne. Copper is pegged by analysts to benefit from a global economic recovery and rising demand from green investments, but possible policy tightening in China could put a lid on a susta...