Copper – Reuters reported today that the State Reserves Bureau for China has bought 2000,000 tonnes of imported copper between March and April. According to its sources, Reuters said that the stockpiler plans to move the copper stocks to state warehouses by June, and will also sell off older copper to rotate stocks.
Articles Tagged "Copper Market News"
Copper – Three-month copper on the London Metal Exchange fell 0.6 percent or $39.67 to trade at $6,611.75 a tonne on Tuesday, according to Reuters. As an economic slowdown seems only likely to continue in China, the red metal is still feeling the impact of concerns regarding Chinese demand.
Copper – Reuters reported that Hong Kong Exchanges and Clearing Ltd. will start trading copper, aluminum and zinc mini futures in the coming year. HKEx Chief Executive Charles Li told Reuters he hopes to meet the needs of the commodities industry in Asia with the new platform.
Copper – Copper for delivery in three months on the London Metal Exchange rose $8 to trade at $6566 per tonne, according to Investing.com.
Copper – Copper for delivery in three months fell 0.8 percent or $52.90 to $6,613 per tonne on the London Metal Exchange, Bloomberg Businessweek reported.
Copper – Copper for delivery in three months on the London Metal Exchange fell 0.3 percent or $19.96 to $6,652 per tonne, according to Bloomberg Businessweek. Stockpiles of the metal are at their lowest since November 2012.
Copper – Mining.com reported that Chile miner Codelco is currently being represented by the country's State Defense Council in a suit against 22 people who purportedly robbed the mine of millions of dollars worth of Copper
Copper – Mining.com reported that Chinese imports of copper and iron appear to have been largely unaffected by surprisingly weak economic data from the Asian nation.
Copper – Copper for delivery in three months on the London Metal Exchange fell 0.5 percent or $33.18 on Wednesday to trade at $6,636.50 per tonne, according to The Wall Street Journal.
Copper – Reuters reported today that Japanese copper output is expected to increase by 4.4% from now until the end of the year compared with the latter two thirds of 2013. Local copper demand is rising with increasing urban development and infrastructure refurbishment.