Copper has biggest daily gain in a month

Copper has biggest daily gain in a month

Industrial metals prices jumped overnight, with copper rising as much as 3 per cent as an easing of coronavirus lockdowns in many countries and hopes for a vaccine fuelled optimism among investors that also lifted stock markets and oil. At 1610 GMT, benchmark copper...
Copper has biggest daily gain in a month

Copper under pressure amid stockpiling

Copper prices were set for a weekly loss as rising stockpiles and dire economic data around the world hammered home fears that demand will remain weak despite a rebound in Chinese factory activity. China, meanwhile, threatened retaliation after the United States moved...
Copper has biggest daily gain in a month

Copper falters on sombre US outlook

Copper extended losses overnight after US officials flagged an extended economic downturn brought on by coronavirus, hitting the metal used as a gauge of economic health. The potential for a second wave of coronavirus infections in top consumer China and a resurgence...
Copper has biggest daily gain in a month

Copper drags on virus resurgence fears

Copper prices eased overnight on fears of a second wave of coronavirus infections in top metals consumer China and in South Korea. New infections have been reported in the last two weeks in Chinese cities including Wuhan, the epicentre of the first wave, and in South...
Copper has biggest daily gain in a month

Copper prices hit 8-week high

Copper prices hit eight-week highs overnight as recovering economic activity in China after the coronavirus lockdowns boosted expectations of stronger demand and the country’s central bank signalled further stimulus. Benchmark copper on the London Metal Exchange...