Copper prices rally to 7-year highs. Sign up to find out what is driving the huge rally in copper prices.
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Copper price is up by almost 1% today as investors digest the recent vaccine news. The metal is trading at $3.22, which is a few points below its highest point since June 2018. Other base metals like tin, zinc, and aluminum are also rising while gold and silver are falling. […]
Copper prices initially took a dip on Tuesday as the US Dollar strengthened on waning risk sentiment. However, positive sentiment on the red metal as a result of China’s import boom allowed buyers to regain the momentum, midway into the New York session. Copper prices ended Monday’s session higher, but […]
Copper price is up by more than 0.35% today as traders bet on a recovery of the world economy as the number of Covid cases in some countries starts to fall. The metal is trading at $3.1610, which is higher than last week’s low of $3.0235. Copper is often viewed...
Copper prices are down this Thursday as the red metal struggles with safe-haven demand in the US dollar due to the extended counting period of the US elections and the possibility of legal action being taken by the Republican party. This is occurring against the backdrop of the continued strike […]
Copper prices had a strong showing in Monday’s trading session, and have built on that bullish response with a slight gain this Tuesday. Traders have generally been very cautious this Tuesday because of the US Presidential Election and the uncertainty surrounding the outcome. However, risky assets made a comeback this […]
Copper price is continuing its upward trend today. The price is up by more than 1% and is trading at $3.1748, which is the highest it has been since June 2018. Other metals like gold and silver are also rising today. There are three main reasons why copper price is […]
Copper prices are trending higher today as markets continue to respond to the growth of China’s GDP, despite its coming in lower than expected. China’s economy grew by 4.9% in the 3rd quarter, which exceeded the 3.2% growth of the 2nd quarter but fell short of estimates of 5.2%. In […]
Copper price has endured a choppy day but currently trades 0.08% lower at 3.0795 per pound, as a rash of news helped to cap price upside on the day. Starting off the day was the news that the proposed strike by miners at Chile’s Collahuasi copper mine had been averted, […]