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May 24, 2022

Copper

Column: Bear funds flex muscles on copper as macro outlook darkens: Andy Home

Reuters
LONDON, May 10 (Reuters) – Hedge funds are turning increasingly bearish on the copper market amid mounting evidence that global manufacturing activity is starting to stall. Bears now outnumber bulls on the CME copper contract for the first time since May 2020, when the copper price was just starting to......

Peruvian protesters agree to attend talks over MMG’s shut copper mine

Reuters
Members of indigenous communities camp on the property of Chinese-owned Las Bambas copper mine, in Las Bambas, Peru April 26, 2022. REUTERS/Angela Ponce Register now for FREE unlimited access to Reuters.com Register LIMA, May 6 (Reuters) – Indigenous communities protesting the Las Bambas copper mine in Peru agreed on Friday......

Chile recommends denying extension for Anglo American copper mine

Reuters
SANTIAGO, April 23 (Reuters) – A Chilean environmental regulator has recommended that global miner Anglo American’s (AAL.L) Los Bronces copper project not be granted an extension permit involving a planned $3.3 billion investment, the company said on Saturday. Anglo American said Chile’s Environmental Assessment Service had issued the recommendation although......

Column: Copper may be too relaxed about Russian supply threat: Andy Home

Reuters
LONDON, March 23 (Reuters) – Doctor Copper has sat serene amid the chaos engulfing London Metal Exchange (LME) trading this month. The London copper market was briefly shaken by the margin meltdown that triggered the March 8 suspension of the LME nickel market with a short-lived spike up to a......

Copper slips as Russia-Ukraine jitters weigh on sentiment

Reuters
Feb 17 (Reuters) – Copper prices fell on Thursday as investors were cautious amid growing uncertainty surrounding Russia-Ukraine tensions, while the dollar firmed making greenback-denominated metals more expensive. Russian-backed separatists in eastern Ukraine accused government forces on Thursday of opening fire on their territory four times in the last 24......

Copper leads losses on firm dollar, but base metals set for weekly gains

Reuters
Feb 11 (Reuters) – London base metals fell in Asian trading on Friday, led by copper, as the dollar firmed after a stronger-than-expected U.S. inflation data stoked worries about a more aggressive policy tightening by the Federal Reserve. Benchmark copper on the London Metal Exchange was down 3% at $9,943.50......

Column: New LME stocks squeeze is creeping up on Doctor Copper: Andy Home

Reuters
LONDON, Feb 8 (Reuters) – The copper market has been subdued since the start of the year, the price trapped in a tight trading range with volumes and open interest sliding across all three global exchanges. ‘Doctor Copper’ – the nickname for a metal whose price is often seen as......

Copper set for weekly gain on weaker dollar and low inventories

Reuters
Feb 4 (Reuters) – Copper prices rose on Friday, on course for a weekly gain, as a weaker U.S. dollar and low inventories provided strong support despite muted trading during a week-long holiday in top metals consumer China. Three-month copper on the London Metal Exchange (LME) was up 0.3% at......

Kahleah Copper rumors: Sky guard returning to Chicago on multi-year deal

Sports Illustrated
2021 WNBA Finals MVP Kahleah Copper is returning to the Sky on a multi-year deal, according to Just Women’s Sports’ Rachel Galligan. Reports of Copper agreeing to a multi-year deal come weeks removed from the team saying it offered Copper the core designation, a one-year supermax deal totaling just over $228,000. ......

Copper prices tick up in trade thinned by China holiday

Reuters
LONDON, Jan 31 (Reuters) – Copper prices ticked higher on Monday as the dollar lost ground, but trading volumes were thin as markets in top metals consumer China were closed for the week-long Lunar New Year holiday. Benchmark copper on the London Metal Exchange (LME) inched up 0.6% to $9,560......

Copper gains for second session, market eyes Fed move

Reuters
SINGAPORE, Jan 26 (Reuters) – London copper prices edged higher on Wednesday, in positive territory for the second session, ahead of U.S. Federal Open Market Committee’s decision on interest rates. Investors are awaiting the Fed’s update to its policy plan, likely fleshing out timing on expected rate hikes and dwindling......

LME copper slips on Fed hike jitters; Shanghai nickel leaps to record

Reuters
Jan 21 (Reuters) – London copper prices slipped on Friday as risk sentiment soured with markets expecting the U.S. Federal Reserve to aggressively raise interest rates this year, although hopes of further policy support from China kept the metal on track for a weekly gain. Dwindling inventories and optimism about......

London copper gains on dollar weakness but capped by higher inventories

Reuters
Jan 18 (Reuters) – London copper prices edged higher on Tuesday as a weaker dollar made the greenback-priced metal attractive for holders of other currencies, while rise in inventories in London Metal Exchange-registered warehouses capped further gains. Three-month copper on the London Metal Exchange rose 0.4% to $9,769 a tonne......

Copper prices subdued as dollar gains some ground

Reuters
Jan 17 (Reuters) – Copper prices inched lower on Monday as the dollar held firm amid bets of several interest rate hikes this year by the U.S. Federal Reserve. Three-month copper on the London Metal Exchange was down 0.1% at $9,713.5 a tonne by 0310 GMT. Prices fell 2.4% on......

Copper eases; set for best week since Oct on supply crunch

Reuters
Jan 14 (Reuters) – Copper prices eased on Friday, as investors braced for a U.S. interest rate hike in March, but they were headed for their biggest weekly gains since October supported by tight supply. Three-month copper on the London Metal Exchange eased 0.3% to $9,925 a tonne by 0615......

Copper holds near $10,000 a tonne as traders eye new rally

Reuters
LONDON, Jan 13 (Reuters) – Copper prices fell back on Thursday but remained near three-month highs, a day after rising sharply on a weakening dollar and concerns of a supply shortage. Benchmark copper on the London Metal Exchange (LME) was down 1.3% at $9,932 a tonne at 1720 GMT after......

London copper eases off 6-week high on dollar strength

Reuters
Jan 5 (Reuters) – London copper prices eased from a six-week high on Wednesday, weighed down by a firm dollar, though tight supply amid rising demand is expected to keep the metal underpinned this year. Three-month copper on the London Metal Exchange was down 0.4% to $9,730 a tonne by......

Copper prices slip as dollar strength, rising Omicron cases weigh

Reuters
Jan 4 (Reuters) – Copper prices fell on Tuesday, pressured by a stronger dollar, while a rapid spread of the Omicron coronavirus cases worldwide also weighed on sentiment. Three-month copper on the London Metal Exchange was down 1% at $9,619 a tonne by 0240 GMT, its lowest level since Dec.......

Copper slips in range-bound trade, aluminium shines on supply worries

Reuters
Dec 30 (Reuters) – Copper prices edged down in range-bound Asian trading on Thursday as 2021 draws to a close, but persisting concerns over supply propelled Shanghai aluminium to a two-month high. Three-month copper on the London Metal Exchange was down 0.1% at $9,667 a tonne by 0333 GMT, after......

Copper touches one-month high on year-end trading and arbitrage

Reuters
Nickel also hits one-month peak GRAPHIC-2021 asset returns: LONDON, Dec 29 (Reuters) – Copper prices climbed to their highest in a month on Wednesday, boosted by year-end trading, friendly sentiment for risky assets and arbitrage buying. Three-month copper on the London Metal Exchange (LME), which was closed on Monday and......

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