Copper – NATURALDEPOSIT

copper cartridges in close up photography

China May Lift Australian Copper Import Ban after Relationship Is Restored

China, the world’s largest copper importer, may lift its ban on Australian copper imports as relations between the two nations improve. Following the easing of unofficial restrictions and tariffs on Australian imports, including coal, copper ore, pure copper, and barley, buyers in China are keen to resume trade with Australia. Trade Minister Don Farrell is …

China May Lift Australian Copper Import Ban after Relationship Is Restored Read More »

man wearing welding mask covered in welding smokes

The metal market experiences a slight upswing, but it is still too early to speak of buying momentum

Markets

The industrial metals market is seeing positive signs after the Chinese government relaxed the controversial COVID regulations somewhat, which can be seen as an initial breath of fresh air. Among the relaxations is the shortening of the quarantine period for travelers from abroad. In addition, airlines will no longer be penalized if COVID-infected individuals are …

The metal market experiences a slight upswing, but it is still too early to speak of buying momentum Read More »

brown and white rope on brown wooden surface

Copper futures slightly higher despite U.S. dollar recovery

Markets

Copper futures closed slightly positive overnight (Oct. 5) despite the rebound of the U.S. dollar. The copper contract rose only slightly despite the strength of the U.S. dollar. The dollar index against the six major currencies in a basket of currencies rose by 0.91% to 111.0740. The appreciation of the dollar makes copper contracts priced …

Copper futures slightly higher despite U.S. dollar recovery Read More »

Copper closed with a plus of 2.28% – weak dollar supported the market

News

Copper closed up 2.28% as the weak dollar supported the market. Copper contracts closed higher on Wednesday (Sept. 28) as the dollar weakened, making U.S.-dollar-denominated copper contracts cheaper for investors holding other currencies. The dollar index fell 1.31% to 112.6080 against the six major currencies in a basket of currencies. The U.S. dollar weakened against …

Copper closed with a plus of 2.28% – weak dollar supported the market Read More »

Copper falls after the dollar strengthens

News

New York copper futures closed lower Tuesday (Sept. 20) as the strength of the dollar made the U.S. dollar-denominated copper contract more expensive and less attractive to investors with other currencies. Copper fell 0.95 cents, or -0.3%, to $3.5030 per pound. The U.S. dollar strengthened, supported by forecasts that the U.S. Federal Reserve (Fed) will …

Copper falls after the dollar strengthens Read More »

Copper closed 1.2% higher, weak dollar encouraged buying

Markets

Copper closed higher on Tuesday (Aug. 23), supported by a weaker dollar as investors eye this week’s key U.S. economic data. Copper rose 4.4 cents, or 1.2%, to $3.6955 per pound. The dollar index fell 0.39% against the six major currencies in a basket of currencies to 108.6240, boosting the copper market as dollar-denominated copper …

Copper closed 1.2% higher, weak dollar encouraged buying Read More »

Copper closes down 1.13% as dollar strengthens – China’s economic worries weigh on demand.

Markets

Copper contracts closed lower on Wednesday (Aug. 17) as the strong dollar made dollar-denominated copper contracts more expensive for investors in other currencies. Copper fell 4.1 cents, or -1.13%, to close at $3.5835 per pound. The dollar index against the six major currencies of a basket of currencies rose 0.07% to 106.5760. The outlook for …

Copper closes down 1.13% as dollar strengthens – China’s economic worries weigh on demand. Read More »

Weaker than expected U.S. inflation pushes copper price to 6-week high

Markets

Copper prices rose to their highest level in almost 6 weeks on Thursday, helped by easing demand concerns following weaker-than-expected U.S. inflation data. Copper rose 1.6% to $3.70 per pound ($8,140 per ton). Consumer prices in the U.S. did not rise month-on-month in July compared with the 0.2% increase expected by economists. This could prompt …

Weaker than expected U.S. inflation pushes copper price to 6-week high Read More »

Copper rises due to supply risks, dollar weakness, and China projects

Markets

Copper prices rose Tuesday as supply risks were noted, with major producers offsetting demand concerns. At the same time, the weaker dollar makes the metal more attractive to holders of other currencies. Copper rose 3.3% to $3.46 at $7,612 a tonne. The dollar fell for the fourth straight session as traders await a decision from …

Copper rises due to supply risks, dollar weakness, and China projects Read More »

China’s real estate efforts allow copper prices to catch a breath

News

Copper prices rose on Monday as China sought to ease concerns about financial difficulties in the property sector. On Sunday, Chinese regulators urged banks to provide loans for qualified real estate projects and adequately meet the financial needs of builders. This is their latest attempt to ease concerns raised by rising mortgage payment penalties for …

China’s real estate efforts allow copper prices to catch a breath Read More »