Copper prices hit 8-week high

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...
Copper prices hit 8-week high

Lockdown easing lifts metals prices

Industrial metals prices rose overnight as some countries eased coronavirus lockdown measures and oil prices jumped more than 10 per cent, but aluminium lagged, with investors worried that a collapse in demand will cause huge oversupply. Benchmark aluminium on the...
Copper prices hit 8-week high

Oil prices surge as lockdowns ease

Oil prices soared overnight as some European and Asian countries along with several US states began to ease coronavirus lockdown measures. The rally extended Brent crude’s gains to six straight days, while US benchmark West Texas Intermediate has rallied for...
Copper prices hit 8-week high

Oil prices surge in end to historic month

Oil prices jumped overnight after producers said they would cut output and as signs the US crude glut was not growing as quickly as many feared resulted in an upbeat close. Fuel demand worldwide slumped about 30 per cent in April. Even after major oil producers led by...
Copper prices hit 8-week high

COVID gold surge boosts Aust export prices

Investors turning to safe-haven bullion and soaring demand for scrap metal helped push Australian export prices higher during a COVID-affected March quarter, but this was offset by softer petrol demand amid widespread lockdowns. The nation’s export price index...