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Copper: price hits lowest since November 2020 on concerns over economic slowdown
Copper prices fell on Tuesday as aggressive interest rates, a surge in covid 19 cases in China, potential recession and rising inventories weighed on investor sentiment. In today's session, copper recorded a low at $7,290/mt, its lowest value since November 2020....
Copper: According to satellite data, global copper smelting decreased in June
Worldwide copper smelting activity declined in June, due to a shutdown in Chile, the largest producer, satellite surveillance data from metal processing plants show. Chilean state-owned Codelco, the world's largest copper producer, said on 8 June that it had shut down...
Aluminium: Japanese buyers agree to pay a third quarter premium of $148/mt
The premium for aluminium shipments to Japanese buyers for the July-September period was set at $148/tonne, down 14% from the previous quarter, reflecting weak demand for cars amid a global chip shortage. The figure is lower than the $172 per tonne paid in the...
Copper: TC/RCs come under further pressure in Q3
Asian demand for copper concentrates is likely to be supported in Q3 by healthy margins and an increase in smelter capacity in China, while copper concentrate production is expected to be lower than consumption, putting downward pressure on the country's processing...