Copper dips as recession fear hits markets

Vinson

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 […]

Shanghai copper hits near four-week high

Vinson

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

Vinson

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 […]