Copper hits 5-month high on Chile fears

Copper prices touched a five-month peak on Friday on growing fears that output will be disrupted in top producer Chile by worsening COVID-19 infections at mines. Chile’s Codelco, the world’s biggest copper miner, suspended refinery and foundry operations...

Gold hits high of more than a month

Gold prices climbed 1 per cent overnight to hit the highest level in more than a month, as investors took refuge in the safe-haven metal after an uptick in coronavirus cases dampened hopes for a quick economic recovery. Spot gold was up 0.7 per cent to $US1,755.58 per...

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...

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...

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...