METALS-Perky stock markets lift copper prices
Copper prices rose on Thursday, helped by a rebound on global equities markets, falling exchange inventories and the threat of supply disruption at a mine in Peru.
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Copper prices rose on Thursday, helped by a rebound on global equities markets, falling exchange inventories and the threat of supply disruption at a mine in Peru.
Article content Copper and other industrial metals gained a shot in the arm after top commodities consumer China said it will cut the amount of cash that banks must hold as reserves to boost economic recovery. We apologize, but this video has failed to load. Try refreshing your browser. Nickel hits four-month high; strike in Sudbury continues Back to video Benchmark nickel on the London Metal Exchange (LME) had gained 2.2 per cent to $18,740 a tonne by 1615 GMT (or US$8.4890 a pound), its strongest since March 3. Financial markets have been jumpy this week on worries that a rise in cases of...
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.
Copper price crashes through $10,000 as China premium hits 9-year low Copper prices fell on Thursday to a near six-week low on signs of weakening demand in China and expectations about US jobs data. Copper for delivery in July was down 3.5% from Wednesday’s settlement price to $4.4295 ($9,765 per tonne) early Thursday afternoon on the Comex market in New York. The selling came amid heavy volumes with more than 120,000 contracts with a nominal value of $13 billion changing hands by lunchtime. Sign Up for the Copper Digest Sign Up Click here for an interactive chart of copper prices In a s...
Australian shares are set to edge higher at the open, though gains could be further checked amid a retreat on Wall Street. Copper, gold and oil lower.