January was the busiest month ever for metals trading on the Shanghai Futures Exchange, and copper volumes surged on Friday to a record amid the sharp selloff.
Benchmark three-month futures dropped almost 4% to near $13,000 a ton on the LME, after peaking above $14,500 on Thursday
Prices gained as much as 11% to trade above $14,500 a ton for the first time ever, before a sharp retracement on Thursday afternoon as the dollar jumped.
Indian investors must rely on copper-related stocks, derivatives or overseas funds in the absence of a domestic copper ETF to invest in the red metal.
Frenzied buying across multiple metals in China has stoked the gains in recent weeks, while the debasement trade, where investors avoid traditional financial assets, is also helping
Copper, zinc and aluminum all fell in Shanghai, as well as on the London Metal Exchange, which sets global benchmark prices for the commodities
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The policy is expected to offer a larger role to private players in mining and processing of silver, copper and zinc to meet growing industrial demand amid global supply strain
Copper's record-breaking price surge, driven by severe supply constraints, tariff-induced hoarding, and structural demand from electrification and AI, is fundamentally challenging its traditional role and valuation in global markets
Benchmark prices surged as much as 1.5% to a record $13,187 a ton on the London Metal Exchange, following a gain of more than 4% on Monday
Aluminum prices have been lifted by structural supply constraints, including caps on smelting capacity in China and reduced output in Europe due to persistently high-power costs
Easing geopolitical tensions and China’s export restrictions were among four key reasons behind the downturn.
Investors have piled into copper in December on speculation that huge flows of metal to the US will leave the rest of the world short next year.
The metal that’s crucial for the energy transition has powered higher in recent months as growing concerns about tightening global supply have outweighed a slowdown in demand.
The industrial metal climbed as much as 1.3% to $11,771 a ton, blazing past a record set in the previous session
A global scramble is underway for the metal that powers data centres, green grids and defence systems — but mine supply is struggling to keep up.
It was second time unlucky for the Australian miner, but a third attempt at a later date might be the charm
Kutch Copper Ltd., which began processing metal in June after multiple delays, has brought in less than a 10th of the raw material required
Copper is currently China’s game in geopolitics, but it need not be so for long
A private survey of manufacturing activity in China fell to 50.6 in October, compared with 51.2 in September, a bigger decline than forecast
Futures on the London Metal Exchange fell as much as 1.4% on Thursday, pulling back from a surge to an all-time high in the previous session that capped a 28% year-to-date advance
Base metals including copper, aluminium, and zinc are rallying on supply shortages, strong industrial demand, and a weaker dollar, even as precious metals see a pullback.
Three-month futures rose more than 1% to approach $10,970 a ton in intraday trade in London.
India must adopt a proactive copper strategy, focusing on increasing in-use copper reserves, improving recycling, and reducing dependence on imports to meet growing demand and ensure economic and technological security
New Delhi told the WTO that the US tariffs were 'safeguard measures' and not notified by Washington as per the rules of the Geneva-based trade body