Copper up on China demand, low inventory

Copper up on China demand, low inventory

Copper prices climbed overnight, reinforced by lower inventories and robust consumption in top consumer China, though any further rally is likely to require signs of demand recovery in the rest of the world, analysts said. Benchmark copper on the London Metal Exchange...
Copper up on China demand, low inventory

Copper strengthens on China stimulus plans

Copper rose overnight as top consumer China signalled plans to maintain liquidity in the financial system for the rest of the year, raising hopes of improved demand for metals. Benchmark copper on the London Metal Exchange (LME) gained 0.4 per cent to $US5,792 a tonne...
Copper up on China demand, low inventory

Gold slips as China manages virus outbreak

Gold eased overnight after data showed fewer jobless claims in the United States and reports Beijing was bringing its latest coronavirus outbreak under control, but mounting infections globally limited losses for the safe-haven metal. Spot gold fell nearly 0.1 per...
Copper up on China demand, low inventory

Gold gains on fresh China virus fears

Gold edged up overnight as concerns over a fresh coronavirus outbreak in China countered a surge on Wall Street driven by a record rise in US retail sales and optimism over a COVID-19 drug. Spot gold rose 0.09 per cent to $US1,726.17 per ounce by 1852 GMT. US gold...
Copper up on China demand, low inventory

China telcos fight to keep operating in US

The US units of China Telecom Corp’s and China Unicom have urged the Federal Communications Commission not to revoke the company’s nearly two-decade old authorisation to provide international telecommunications services to and from the United States. China...