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London copper was headed for its first weekly gain in four on Friday, helped by low inventories and monetary policy easing by top consumer China, while analysts expect a pick-up in demand early next year. Three-month copper on the London Metal Exchange CMCU3 held steady at $9,538 a tonne, as of 0700 GMT. The most-traded ...
Copper prices edged higher on Friday on optimism about growth in top metals consumer China, but uncertainty over upcoming U.S. inflation data kept a lid on the upside. Three-month copper CMCU3 on the London Metal Exchange (LME) was up 0.2% to $9,550 a tonne at 1100 GMT. “Manufacturing is the stronghold, in the sense that ...
Global copper smelting activity extended its recovery in October while nickel production edged higher despite sharp falls in China due to a power crunch, data from satellite surveillance showed on Tuesday. Copper smelting in China is ramping up after seasonal maintenance in the third quarter, satellite service SAVANT and broker Marex said in a statement. ...
Global copper smelting activity rebounded in September as higher treatment charges spurred many smelters to increase output, data from satellite surveillance showed on Monday. Copper processing rose worldwide despite declines in top producer China and in the United States, satellite service SAVANT and broker Marex said in a statement. Spot treatment and refining charges (TC/RCs) ...
Copper prices rebounded as investors scooped up material at lower prices after heavy losses the previous day on fears that strong US economic data could spur tighter monetary policy.