Copper Prices

Motilal Oswal bets copper can test new highs this year: Here's what'll it take

Motilal Oswal's commodity head anticipates copper prices can potentially reach new life highs of over $11,000 on the LME and $11,500 later this year as demand recovers.

Double whammy for EV makers as copper prices rally amid declining sales

Analysts predict a 7-8 percent increase in copper prices this financial year, which will push up cost of manufacturing EVs, a worry for the industry battling declining sales

Copper prices hit 2-year high on LME on bullish long-term trends, rise 19% in 2024 so far

Copper is also trading at a two-year high on the London Metal Exchange (LME), while the CME, Shanghai and the Indian markets have seen the metal touch record highs after posting strong gains in April and May so far.

What's behind the rally in copper prices?

While demand for copper from EVs is mounting, the shutdown of one of the biggest mines in production, which was mining around 1.5 percent of world copper output, has exacerbated the problem.

Hindustan Copper hits 52-week high as metal price nears $10,000 a ton

Boosted by signs of improved manufacturing activity in the US as well as China, metals like copper have seen a surge, while persistent inflation concerns have reignited interest in commodities

Copper prices have risen 11% in 2024 so far. Why is the metal surging?

The metal has also been trading near 14-month high on the London Metal Exchange around $9,500 per metric ton

Shanghai exchange sets trading limits on gold, copper futures as prices rally

The exchange set the maximum intraday position opening volumes of gold at 2,800 lots and copper at 2,000 lots. The change will start from April 12.

Copper futures gain on higher demand

On the Multi Commodity Exchange, copper contracts for delivery in December traded higher by Rs 1.65 or 0.22 per cent at Rs 735.20 per kg in a business turnover of 4,591 lots.

Copper prices near 6-month low as supply tightens, China demand remains uneven

This tightness in supply has been further accentuated by inventories reaching below 60,000 tonnes on the London Metal Exchange (LME), the lowest level seen since 2005.

Dr Copper’s falling prices indicate more ailments on the cards for global economy

LME Copper prices hit record highs at $10,845/tonne in early March 2022 but are now down more than 21 percent to $8,595/tonne

Builders to be worst hit by commodity price increases; steel, aluminium makers to reap export bonanza

The construction industry has to bear the brunt of the increase in steel and aluminium price. With steel prices up by 65% and aluminium and copper prices by 30% in the country in the last 18 months, the cost of construction has already risen.

Copper prices may rise further on Chinese demand, decarbonization efforts

Copper has gained nearly 25 percent year-on-year but since March-end, when it slipped to a low of $4,500 a tonne the metal has gained 75 percent.

Risk-off environment threatens an even deeper decline in copper prices in 2019

Markets will be faced with many issues as we head into 2019, but if the price of copper experiences increased selling that pushes it to a new low in thin market conditions before end-2018, a buying opportunity in the red metal could arise

Revenue growth to be impacted by copper price fall: V-Guard

The metal has been trading near the USD 2 per pound range because of weak demand, particularly from China, that uses almost half the global supply amid its development.

Copper's 'fall out of bed' underscores China woes

Copper prices fell to their lowest level in four years on the Shanghai Futures Exchange on Monday, after tanking 5 percent, a move which analysts say underscores China`s bleak outlook following weak data and the country`s first ever corporate debt default.

Nirmal Bang puts buy on gold, suggests shorting copper

Kunal Shah, Nirmal Bang Commodities recommends going short on MCX copper at Rs 454-455 per kg with a stop loss placed above Rs 459 per kg and for a target of Rs 448 per kg.

Sell MCX Gold August futures; target Rs 26800: Fortune Fin

Fortune Financial Services has come out with its fundamental updates on bullion. According to the research firm, MCX Gold August futures contract trend is looking weak on chart, day traders can sell on rise or sell at Rs 27250 for target price of Rs 26800 & Rs 26500 with a stop loss above Rs 27360.

Sell MCX Gold Aug futures; target Rs 26850: Fortune Fin

Fortune Financial Services has come out with its technical report on bullion. According to the research firm, MCX Gold Aug futures contract trend is looking strong on chart, day traders can sell on rise or sell at Rs 27220 for target of Rs 27000 & Rs 26850 with a stop loss above Rs 27350.

Buy MCX Gold Aug fut on dips; target Rs 27450: Fortune Fin

Fortune Financial Services has come out with its technical report on bullion. According to the research firm, MCX Gold Aug futures contract trend is looking strong on chart, day traders can buy on dips or buy at Rs 27180 for target of Rs 27350 & Rs 27450 with a stop loss below Rs 27060.

Near-term demand outlook for non-ferrous metals weak: ICRA

Near-term demand outlook for non-ferrous metals is likely to remain subdued due to continuing global economic sluggishness, an ICRA report said.

Gold is back in favour, buy on dips: Anand Rathi Comm

Gold is back in favour and looks to be in the range of USD 1,740 per ounce on the lower side and about USD 1,800 per ounce on the higher side at the moment, said Ritesh Gandhi, senior research analyst of commodities and currencies at Anand Rathi Commodities.