Copper dips on China factory data

Copper dips on China factory data

Copper prices eased overnight as a survey showed factory activity in its top consumer – China – unexpectedly shrunk, but hopes for higher metals demand curbed price falls. Lingering fears for a long recovery ahead for China pulled benchmark copper on the...
Copper dips on China factory data

China cuts lending rate to boost economy

China has cut its benchmark lending rate for the second time this year to reduce corporate borrowing costs and ease the impact of the coronavirus crisis on the world’s second-largest economy, according to state-run Xinhua news agency. The People’s Bank of...
Copper dips on China factory data

Copper leaps on China output, US reopening

Copper rose to a one-month high on Friday on plans for the US economy to reopen and signs of recovery in China’s industrial output, even as growth in the top metals contracted in the first quarter. Benchmark copper on the London Metal Exchange (LME) was up 1.4...
Copper dips on China factory data

China overtakes US in patent applications

China has overtaken the US for the first time in the number of patent applications last year, the World Organisation for Intellectual Property (WIPO) says. China made 59,000 patent applications in 2019, about 1000 more than the US, WIPO said. The US had been top of...
Copper dips on China factory data

China factory activity increases slightly

China’s factory activity has improved in March after plunging a month earlier, a private survey showed, but the bare minimal growth highlighted the intense pressure facing businesses as the global coronavirus pandemic shuts down many countries. The Caixin/Markit...