Copper fell to its lowest price in 19 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities.
copper price
copper price
Copper price below $10,000 for the 1st time in a month on demand concerns
Copper price fell on Monday to the lowest in a month with mounting concern about the outlook for demand due both to spreading lockdowns in China and the continuing war in Ukraine.
Copper Market to be Well Supplied in 2022 – Neal Bhai
The global refined copper market is expected to be in a significant surplus in 2022, following a small supply deficit in 2021.
Base Metals: Copper prices Skids to lowest in a month as investors reduce risk
Base Metals: Copper prices have dropped 0.35% this week however they will now be at 4 pyo per pound. Gold and silver had also risen from covid-lows to $9,700 metric tonne in New York. The bellwether has been fuelled by a widely-held belief that demand for it should be heavily supported by the economic post-pandemic boom but also by the worldwide push to decarbonise.
Copper Set to Rule Around $10,000 a Tone in The Short-Term | Neal Bhai
Copper prices are set to rule firm around $10,000 a tonne in the short-term as inventories have hit a record low following production cuts in the wake of power crunch in Europe and China despite a drop in manufacturing activities.
Copper Demand Continues to Outstrip Supply | Neal Bhai
Copper Demand: In the late-August copper price forecast update it was noted that “the shifting narrative around the supply-demand picture has created an opportunity whereby copper traders may be able to retake the pandemic uptrend, which would keep intact the prospect of a multi-month bull flag forming – and if viable, another jaunt to all-time highs.”
Copper MCX Tips Today: All Target Hit, Rona Mana Hai Trade With Neal Bhai
Copper MCX Tips Today: The trend in MCX Copper has been bearish ever since it touched a life time high of Rs.812.60/kg in mid-May.
MCX Copper Market Technically Under Fresh Buying – Neal Bhai
MCX Copper yesterday settled up by 1.52% at 629.55 as dollar languished near its lowest in a week as investors began entertaining doubts about the scale of a recent rally driven by expectations of a faster pandemic recovery in the United States than elsewhere.
Copper Prices CMCU3 Have Extended Their Sharp Recovery
Copper prices CMCU3 have extended their sharp recovery last week from the March lockdown lows of $4,371 to $7,973.5 a tonne, the highest since February 2013, buoyed by China’s solid demand and hefty investments by speculators amid monetary policy easing. views the current prices do not reflect fundamentals and the rally has been overdone.