Copper prices concluded the trading session with an increase of 0.84%, reaching Rs 1,283.8, buoyed by supply-side disruptions and a reduction in geopolitical tensions. The most immediate catalyst was the near-halt in production at Capstone Copper’s Mantoverde mine in northern Chile, where a prolonged labor strike resulted in the shutdown of the desalination plant, jeopardizing Read More
Copper prices experienced a decline yesterday, closing down by 1.29% at Rs 1285.65, influenced by indications of weakening demand from the leading consumer, China. The Yangshan import premium, an important indicator of Chinese consumption, has decreased by 50% over the last month, reaching its lowest point since mid-2024. Concurrently, inventories in Shanghai Futures Exchange warehouses Read More
Copper prices experienced a decline, closing 0.36% lower at Rs 1308.5, influenced by a robust U.S. dollar and diminishing worries regarding the prompt enforcement of U.S. tariffs on essential minerals. U.S. President Donald Trump indicated a temporary halt on tariffs concerning rare earths, lithium, and other essential minerals, which affected market sentiment, despite copper’s continued Read More
Copper prices experienced a notable recovery, closing up by 2.65% at Rs 1,315.2, bolstered by a depreciating U.S. dollar and a more optimistic outlook on demand following China’s indication of new initiatives to enhance domestic consumption. China’s cabinet deliberated on a suite of fiscal and financial measures designed to bolster household expenditure and investment, thereby Read More
Copper prices experienced a decline, closing down by 2.28% at Rs 1,307.75, as profit-taking occurred following the recent surge fueled by expectations of constrained supply and concerns related to tariffs. Market participants express caution regarding the possibility that U.S. tariffs on refined metals, instituted during the Trump administration, may redirect global shipments to the U.S., Read More
Copper prices concluded the trading session with an increase of 2.04%, reaching a settlement at Rs 1313.3, driven by supply-side concerns that overshadowed the mixed macroeconomic indicators. Sentiment was bolstered by disruptions in critical producing areas, notably Chile, where Capstone Copper revealed that operations at its Mantoverde mine would be reduced to approximately 30% capacity Read More
Copper prices maintained their robust upward trajectory, closing 0.54% higher at Rs 1,292.5, driven by supply-side disruptions and anticipations of persistently increasing demand stemming from the AI boom and the global energy transition, which bolstered market sentiment. The tightening of physical availability is evident in the Yangshan copper premium, which is concluding the year close Read More
Copper prices experienced a significant correction, closing down by 3.55% at Rs 1,232.6, as traders took the opportunity to realize profits following recent record highs. The decline occurred notwithstanding a generally favorable macroeconomic and structural environment. The US economy experienced its most rapid growth in two years in the third quarter, propelled by robust consumer Read More
Copper prices maintained their upward trajectory, closing up by 0.67 percent at Rs 1,113.35, fueled by ongoing worries regarding potential supply shortages that have spurred speculative buying activity. LME copper has experienced a rally of approximately 33 percent this year, achieving consecutive record highs in recent weeks. This surge is driven by expectations that mine Read More
Copper prices increased by 1.18% to close at Rs 1,109.7, buoyed by positive sentiment regarding China’s dedication to an active fiscal policy in the coming year and the U.S. Federal Reserve’s recent interest rate reduction and expansion of its balance sheet. China’s official Xinhua news agency has indicated that policymakers are set to sustain fiscal Read More
