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LONDON COPPER

  • Copper prices fell on Monday due to weaker-than-expected industrial output in China and a stronger U.S. dollar. Three-month copper on the London Metal Exchange dropped 1.1% to $9,637 per metric ton, while the most-traded July copper contract on the ...

    17 Jun, 2024, 02.49 PM IST
  • London copper prices hit a five-week low due to a strong dollar and weak physical demand, affecting LME and SHFE markets.

    10 Jun, 2024, 10.55 AM IST
  • BHP's aim was to secure Anglo's prized copper assets in Latin America and increase access to a metal central to the global shift towards clean energy and electric vehicles. But the structure of BHP's deal, which required Anglo to unbundle its South ...

    30 May, 2024, 12.09 AM IST
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  • BHP, the world's biggest listed mining group, now has until May 29 to make a binding offer for Anglo American or it will be forced to walk away for at least six months, under the UK's takeover rules.

    23 May, 2024, 08.12 AM IST
  • Record copper prices are driven by Chinese stimulus, mine supply concerns as well as green demand. MCX and LME futures surge. The Chinese 1 trillion yuan stimulus has boosted industrial metals demand for electric vehicles, renewable energy, and powe...

    19 May, 2024, 01.44 PM IST
  • Anglo's hand was forced by BHP's bid - which it has twice rejected - but the move also responds to pressure from shareholders to shed less profitable businesses and focus on the copper assets that are the envy of the industry. It leaves a much simpl...

    15 May, 2024, 12.55 AM IST
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  • Looking ahead, as prices are hovering near multi-year highs, there are chances of a technical correction, but such moves are unlikely to set into major liquidation. Since the supply-demand dynamics are supportive of prices, the ongoing positive sent...

    27 Apr, 2024, 12.02 PM IST
  • Copper prices rallied Friday above $10,000 per tonne for the first time in two years, propelled by soaring global demand and tight supplies. In early morning trade on the London Metal Exchange, the price of copper peaked at just over $10,028 per ton...

    26 Apr, 2024, 01.11 PM IST
  • But the sanctions will still reverberate through metals markets because of the LME's central position at the heart of the industry. Its prices are used as a benchmark and referenced in a huge number of contracts around the world, and many buyers vie...

    16 Apr, 2024, 05.52 AM IST
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  • But there are disagreements about the broader impact of the move: Some argue that removing one of the largest producers from the market will drive prices higher, while others are focusing on the prospect of a flood of old Russian metal getting dumpe...

    15 Apr, 2024, 06.24 AM IST
  • Cocoa futures have surged as poor harvests in West Africa, where most of the world’s beans are grown, sparked a third year of shortages.

    29 Mar, 2024, 10.07 AM IST
  • CRU sees copper demand in China growing 5% this year, while Goldman Sachs Group Inc. named copper as one of its top commodities picks for next year.

    15 Nov, 2023, 09.42 AM IST
  • Vedanta Resources and the Zambian government signed an agreement that restores the Indian company's ownership of Konkola Copper Mines (KCM). The agreement will lead to the re-appointment of the KCM board and the withdrawal of all legal challenges th...

    06 Nov, 2023, 10.42 PM IST
  • On the MCX, copper for October 31 expiry touched a high of Rs 711.30 per kg Wednesday before closing at ₹705.50, compared with the previous close of ₹705. Three-month copper on the London Metal Exchange was up 0.6% to $8,068 a tonne at 0158 GMT, rev...

    11 Oct, 2023, 11.02 PM IST
  • Concerns that faltering post-pandemic economic rebound in China, the world's top metals consumer, could dampen demand and rising inventories in exchange warehouses are also dragging copper prices lower.

    19 Sep, 2023, 08.54 AM IST
  • Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, ending a dispute that began in 2019 when the government seized the mines. Vedanta has pledged to invest over $1.2 billion to increase output and repay outstandin...

    05 Sep, 2023, 11.11 PM IST
  • We expect the physical performance of the company to improve this financial year compared to the last. Sales, however, are directly linked to the London Metal Exchange (LME) price of copper and the dollar-rupee exchange rate. The company is striving...

    16 Mar, 2023, 04.19 PM IST
  • The aggressive policy measures of the US Federal Reserve dampened business moods across the world. Many global economies are suffering from extreme inflationary trends leading to higher prices and falling demand. A contraction in business activities...

    24 Dec, 2022, 12.11 PM IST
  • China reported five new COVID-19 deaths for Dec. 19, compared with two on the previous day, increasing the nation's fatalities to 5,242 the National Health Commission said on Tuesday.

    21 Dec, 2022, 10.58 AM IST
  • China aims to build a total of 461,000 kilometres (286,452 miles) of national highway by 2035, compared with 382,000 kilometres by the end of 2021, as authorities are doubling down on an infrastructure push, which means more metals consumption.

    12 Jul, 2022, 10.19 AM IST