Page 8 - Malcolm Freeman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Article content However, trading was tepid and the resurgence of coronavirus in various countries, especially top metal consumer China, sparked concerns of weakening demand. Since late July, the highly transmissible Delta variant infections have been detected locally in at least a dozen cities, including big ones such as Beijing, Wuhan and Chongqing. “If this continues, Chinese industrial activity is bound to be affected once again,” said Malcolm Freeman, director at UK broker Kingdom Futures. “It looks like we will have to endure markets that are behaving like rudderless ships for a wh...

By Reuters Staff (Recasts; Adds Shanghai closing prices, updates London prices) HANOI, June 28 (Reuters) - Copper prices shrugged off an early-session dip to trade slightly higher on Monday, as the dollar lost ground after opening the week firmer and investors looked for progress on a $1.2 trillion U.S. infrastructure deal. The United States “is trying to get the infrastructure spending bill through Congress and all eyes will be on this week’s employment numbers to see if the return to work continues,” Malcolm Freeman, director at Kingdom Futures, said in a note. Three-month copper on t...

London copper was set for its biggest weekly drop since September 2020 on Friday, hit by fears that authorities in China would take measures to curb a rally in commodity prices. ...

LME copper eyes worst week since Sept 2020 on China price curb fears London copper was set for its biggest weekly drop since September 2020 on Friday, hit by fears that authorities in China would take measures to curb a rally in commodity prices. Three-month copper on the London Metal Exchange fell 1.3% to $9,921.50 a tonne by 0702 GMT, down 3.1% on a weekly basis. The most-traded June copper contract on the Shanghai Futures Exchange closed down 1.2% to 71,980 yuan ($11,189.01) a tonne, also down from a week earlier. China, the world’s biggest copper user, said on Wednesday it would strengt...

Article content HANOI — Copper prices touched record highs in both London and Shanghai markets on hopes for improved demand amid tightening supply. Three-month copper on the London Metal Exchange rose to an all-time high of $10,660.50 a tonne earlier in the session before easing to $10,657 a tonne, still up 2.3%, at 0545 GMT. We apologize, but this video has failed to load. Try refreshing your browser, or Copper hits record high on higher demand hopes, tighter supply Back to video The most-traded June copper contract on the Shanghai Futures Exchange climbed 4.7% to 77,630 yuan ($12,072.91...