Copper news

Copper price is on a consolidation pattern after hitting a 10-year high on Thursday last week. At the time of writing, copper futures were down by 0.08% at 4.5255. The red metal remains on an uptrend amid the ongoing talk of a commodity supercycle. The recovery of various economies,…

Copper price remains on course towards its target of a 10-year high despite Tuesday’s pullback. On Wednesday, it recouped some of the previous session’s losses as its demand soars. Supply concerns have further fuelled the rallying.       copper price Reasons Behind Copper Price Rallying Copper price continues to find support…

Copper price is range-bound as the recovering US economy continues to offer support. However, rising COVID-19 cases and wait-and-see approach for Biden’s infrastructure plan are curbing its gains. copper price Copper price remains range-bound amid influence from bullish and bearish market forces. On the one hand, the steady recovery of…

Copper price has been range-bound after an uptrend that lasted for close to a year. Between March 2020 and February 2021, the red metal had surged by over 54%. However, it pulled back to a low of about 3.85 in early March and has been trading sideways ever since. On…

Copper prices were trading at $4.1360 on Monday’s session. The 0.1% decline was due to the strengthening US dollar. However, the red metal found support from the upbeat data from China and the New York state.   copper prices Bullish industrial data Copper prices are finding support from the upbeat…

On Monday, copper prices at the London Metal Exchange surpassed the $9,000 per tonne level to trade at its highest price since September 2011. Similarly, the red metal was trading at its highest since August 2011 at $10,4433.6 per tonne. In New York, the prices were rose to a 10-year…

Copper prices extended its gains for the third consecutive session. On Tuesday, copper futures were up by 0.74% to trade at $3.6930. This is its highest price level since mid-January 2021. A bullish Chilean trade balance and heightened hopes of the US stimulus package have contributed to the surge. copper…

Copper prices rose by 1% on Monday, to trade at $3.63. The surge is a reaction to the bullish numbers released earlier today on China’s GDP growth and industrial production. The figures have helped fuel the positive sentiment on China’s rising demand for Copper. However, the observed price consolidation is…

On Thursday, copper prices were down by 0.78% to $3.51. The decline was a reaction to the lower-than-expected data on Chinese manufacturing PMI. Despite the downward trend, the red metal prices are finding support from news that China has approved its first COVID-19 vaccine for use by the public.  …

Copper prices are wavering, even as Japan’s manufacturing sector records improved business sentiment. Data from the Bank of Japan indicates heightened confidence among Japan’s manufacturers. Notably, copper prices are finding support from the weak US dollar. Furthermore, the ongoing progress in COVID-19 vaccination has held the red metal prices above…

Copper prices are trading at $3.50, a decline from last week’s $3.54. Last week’s peak price was the highest level since early 2013. Today’s drop is due to the overbought signal. However, the metal is finding support from China’s strong economic data.   Copper prices wavering around the overbought territory…

Copper price has been on an upward trend after dropping to ~$2.09 in April this year. It is currently trading at $3.23, which is the highest mark since 2018. A relatively weak U.S. dollar, stable Chinese economy, and China’s tech-heavy 5-year plan have contributed to the bullish trend. Besides, production…