Aluminium hits two-month highs – 9Finance

Aluminium hits two-month highs – 9Finance

Aluminium prices touched two-month highs overnight as hopes for stronger demand in top consumer China buoyed sentiment, but an oversupplied global market and large surpluses are expected to cap gains. Benchmark aluminium on the London Metal Exchange (LME) was up 0.8...
Aluminium hits two-month highs – 9Finance

Copper hits two-month high on China hopes

Copper prices hit a two-month high overnight ahead of a Chinese government meeting this week expected to boost demand with pledges of higher spending on infrastructure, and on hopes for a global economic recovery. The Chinese government typically announces new plans...
Aluminium hits two-month highs – 9Finance

Shanghai copper hits 3-week high

Shanghai copper rose to a three-week high and clocked a second straight weekly gain, buoyed by strong import numbers in China and signs that the Sino-US trade deal would be implemented despite the coronavirus disruption. Copper gained 1.2 per cent in Shanghai over the...
Aluminium hits two-month highs – 9Finance

Construction hits lowest level since 2005

Australia’s construction sector has recorded a dismal April with a slump in activity, new orders and employment dragging a key industry index to its lowest level since 2005. The Australian Industry Group and Housing Industry Association’s Performance of...
Aluminium hits two-month highs – 9Finance

Copper hits 6-week peak on stronger demand

Copper prices climbed to a six-week high as the prospect of stronger demand in top consumer China and output disruptions outweighed expectations of rising supplies from producers emerging from new coronavirus lockdowns. Traders said copper rose on some purchases in...