Copper has fallen as moves by China’s central bank to bolster the economy were overshadowed by predictions of a deep global recession, which drove down stock markets and oil prices. Copper, used in power and construction, has tumbled from above $US6,300 a tonne in mid January to as low as […]
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Shanghai copper hits near four-week high
Copper futures prices climbed to their highest in nearly four weeks on supply worries, following a fall in inventories and operations suspension in major producer nations. The most-traded copper contract on the Shanghai Futures Exchange climbed as much as 1.9 per cent to 41,980 yuan ($US5,958.80) a tonne, its highest […]
Copper slips as coronavirus hits metals
Copper prices fell on overnight as volatile markets and a hit to metals demand from the coronavirus pandemic eclipsed the boost from a massive US stimulus package. Benchmark copper on the London Metal Exchange was down one per cent at $US4,805 tonne. The metal, used as a gauge of economic […]