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Copper: prices rebound after 5-week lows
Copper prices on the LME rebounded from five-week lows on hopes of a recovery in demand in China, the main consumer, offsetting the negative effect of a stronger dollar. Three-month copper on the London Metal Exchange was up 1 percent at $8,950/mt. LME copper hit a...
Copper: prices rebound as dollar weakens
Copper prices are rebounding on the back of a weakening dollar and investors' hopes that US data will show falling inflation. Three-month copper on the London Metal Exchange stood at $8,964/mt, in line with yesterday's close, but up 1.11 percent from Friday's close....
Metals: Shanghai warehouses downgrade high expectations
The London Metal Exchange (LME) base metals index jumped 10 per cent in January on investor bets on the recovery of the Chinese economy. China remains the engine room of global manufacturing, but two years of the COVID-19 freeze have mitigated its usual impact on...
Nickel: France grants loan to SLN from Eramet to prevent its collapse
The French government has agreed to grant a EUR 40 million (USD 42.9 million) loan to SLN, the New Caledonian nickel producer controlled by mining group Eramet that is facing financial collapse. The nickel producer warned in November of a 'liquidity crisis' after...