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Copper steadies after rising COVID infections knock prices

Copper steadies after rising COVID infections knock prices
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

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METALS-Copper slips for third day ahead of U.S. employment data

Copper prices fell for a third day on Thursday, sitting beneath record highs as investors waited for U.S. jobs data on Friday that will offer clues on when monetary policy could tighten. ....

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Copper rally pauses as Goldman forecasts record highs

Copper rally pauses as Goldman forecasts record highs
April 28, 2021
(Updates prices)
LONDON, April 28 (Reuters) – Copper paused near 10-year
highs on Wednesday ahead of a policy announcement by the U.S.
Federal Reserve, but analysts at Goldman Sachs joined others
predicting a rally to record levels.
Benchmark copper on the London Metal Exchange (LME)
was up 0.3% at $9,884.50 a tonne at 1637 GMT after reaching
$9,965 on Tuesday, the highest since 2011.
Prices have more than doubled since March 2020 as the world
economy rebounds and the shift to greener, more copper-intensive
energy raises the prospect of supply shortages.
“It is only a question of time before it exceeds the ....

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METALS-Copper hovers near eight-year high as Chinese holiday starts

By Reuters Staff
(Updates with official prices)
LONDON, Feb 11 (Reuters) - Copper took a breather on Thursday as Chinese markets closed for the week-long Lunar New Year holiday after four days of rapid gains that lifted prices to their highest in eight years, with analysts expecting tight supplies to push the rally further.
The start of the Chinese holiday kept trading activity low, and benchmark copper on the London Metal Exchange (LME) was down 0.1% at $8,289.50 a tonne in official trading after reaching $8,327.50 Wednesday, its highest since February 2013.
Many analysts forecast a multi-year bull run as demand outpaces supply, though Gianclaudio Torlizzi, a partner at consultant T-Commodity, said the market may be getting ahead of itself. ....

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METALS-Weakening dollar lifts copper as rally loses momentum

By Reuters Staff
(Updates prices)
LONDON, Jan 26 (Reuters) - Copper rose on Tuesday as the dollar weakened, making metals cheaper for buyers outside the United States, but the slow progress of U.S. stimulus measures and concerns about Chinese demand capped gains.
China, whose copper consumption lifted prices to eight-year highs earlier this month, is gearing up for a week-long New Year holiday in February while battling a coronavirus outbreak and tightening liquidity in the lending market.
Benchmark copper on the London Metal Exchange (LME) was up 0.3% at $7,990.50 a tonne at 1731 GMT.
The metal used in power and construction has hovered around $8,000 since slipping from a high of $8,238 on Jan. 8. ....

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