Copper Prices Reports: Copper stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.
Copper prices
Copper Hits Highest Since 2011 as Global Recovery Powers Metals
Copper climbed to the highest in almost a decade as the global recovery from the pandemic extended a rally in metals markets.
Copper Prices Pulling Back in the next Coming Weeks, Buy on Dips
Copper prices this could be an opportunity to buy the dip. They see potential for copper prices pulling back in the next coming weeks for the following reasons:
Copper Prices Gains as Chinese Liquidity Worries Ease
- China has been tightening regulations in its property sector, which consumes a vast amount of metals, to ward off bubbles
Copper prices edged higher on Monday as investors were relieved that China, the world’s biggest metals consumer, might not be tightening credit as much as expected.
Copper and silver to Outperform Gold in 2021
Commodities witnessed an interesting end to a decade in 2020, which was for the most part unfriendly for the resourcessector. Investors brace for a new commodity supercycle in 2021 as globaleconomic recovery and reflation trades are set to play out strong. Industrial metals such as copper and silver are likely to outshine gold and crude oil prices.
MCX Copper Futures Fall on Weak Demand
MCX Copper futures on Tuesday slipped Rs 3.30 to Rs 591.25 per kg as participants cut down their positions amid muted demand in domestic market.
Goldman Sachs : Copper Prices Target to $10,000 a tonne by 2022
Copper, the traditional, age-old remedy for good health has also remained a significantly important economic health indicator. Rising copper prices, helped by strong order flows, indicate that the global economy is recovering fast.