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 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 higher after trial of virus drug

Copper prices rose overnight as risk appetite gained the upper hand in financial markets after promising trials of a COVID-19 treatment and strong US economic data. The World Health Organisation moved to update guidelines regarding a cheap, common steroid that can...

Copper climbs as stimulus prompts buying

Copper prices climbed overnight as the Federal Reserve’s latest move to provide further support for the US economy helped to boost sentiment, but gains were capped by worries about prospects for demand in top consumer China. Benchmark copper on the London Metal...

Copper slides as virus worries resurface

Copper prices slid overnight, with sentiment hit by concern about a second wave of the coronavirus and uncertainty whether demand would recover swiftly or stay subdued for longer. Benchmark copper on the London Metal Exchange was down 1.3 per cent at $US5,709 a tonne...