Copper rises as virus affects Chile supply

Copper rises as virus affects Chile supply

Supply disruption in top producer Chile, solid demand in top consumer China and dwindling stockpiles kept copper prices near five-month highs on Monday. Benchmark copper on the London Metal Exchange (LME) was up 0.1 per cent at $US5,963 a tonne at 1615 GMT, close to...
Copper rises as virus affects Chile supply

Gold steadies near multi-year peak

Gold prices were little changed overnight, but held close to a near eight-year peak scaled last week, as the accelerating spread of the coronavirus threatened to derail hopes of an economic recovery. Spot gold eased 0.1 per cent to $US1,769.52 per ounce by 1742 GMT,...
Copper rises as virus affects Chile supply

Oil rises on improving economic data

Oil prices rose about $US1 a barrel on Monday, after bullish data from Asia and Europe, but investors are wary about sharp spikes in new coronavirus infections around the world. Brent crude gained 69 US cents, or 1.7 per cent, to settle at $US41.71 a barrel. US crude...
Copper rises as virus affects Chile supply

Wall St up, investors pin hope on stimulus

Wall Street’s main indexes have inched up following a sharp sell-off last week, as investors cling to hopes of a stimulus-backed economic rebound even as coronavirus cases surge, while a jump in Boeing shares boosted the blue-chip Dow. The planemaker rose 7.3...
Copper rises as virus affects Chile supply

Aust swimsuit brand in administration

Seafolly Pty Ltd, an Australian swimsuit maker part-owned by French fashion giant LVMH Moet Hennessy Louis Vuitton SE, has appointed administrators, citing a sales downturn from the coronavirus. “Seafolly made the appointment because of the crippling financial...