Tag: Copper

Copper MMI: Copper Prices Rise to Highest Level Since April Amid Supply Concern

Copper MMI: Copper Prices Rise to Highest Level Since April Amid Supply Concern copper prices

By mid-March, copper prices hit their highest level since April 2023. Prices previously found a bottom in early February before strong upside momentum saw them topple previous peaks within their long-term sideways trend. While prices clocked a moderate1.74% month-over-month decline throughout February, they rose 4.12% during the first two weeks of March. Overall, the Copper […]

Copper MMI: Copper Prices Remain Sideways as China Uncertainty Looms

Copper MMI: Copper Prices Remain Sideways as China Uncertainty Looms China Aluminum

Copper prices today remain trapped in a sideways range. Prices lack enough bearish or bullish momentum to establish a strong trend in either direction. Prices declined during the first weeks of January, falling to their lowest level since November. However, they rebounded in the second half of the month. This brought them a mere 0.52% […]

Copper Demand: Australian Exports to China Surge to Record High, Signaling Thaw in Relations

Copper Demand: Australian Exports to China Surge to Record High, Signaling Thaw in Relations

The frosty relationship between China and Australia continues to thaw, as evidenced in the bi-lateral trade indices indicate. Now, thanks to China’s growing copper demand, the world possesses one more indicator. According to recently released data, Australia exported 27,500 metric tons of copper ores and concentrates to China in November last year. At U.S. $44.5 […]

Copper MMI: Deep Market Contango, Index Moves Sideways

Copper MMI: Deep Market Contango, Index Moves Sideways

Copper prices saw a 1.90% increase during the final month of the year. By late December, this managed to bring them to their highest level since August, leading to mixed copper price forecasts for 2024. However, prices began to retrace from their 5-month peak by the start of 2024. By mid-January, they remained trapped within […]

Copper MMI: Possible Deficit Shifts Copper Price Outlook

Copper MMI: Possible Deficit Shifts Copper Price Outlook Copper mine shaft

Still short of a breakout, current copper prices lifted off their October lows during November and have yet to see a major downside correction. Nonetheless, copper prices remain sideways and sit only 1.5% above where they stood at the start of 2023. An increase among all of its components helped the Copper Monthly Metals Index (MMI) […]

Copper Mining Giant Ivanhoe Mines Announces New Mineral Resources in DRC

Copper Mining Giant Ivanhoe Mines Announces New Mineral Resources in DRC copper mining in Africa.

Canadian copper mining giant Ivanhoe Mines recently announced new “maiden” mineral resources for high-grade Makoko and Kiala deposits in its project in the Democratic Republic of Congo (DRC). The company said that Makoko contains indicated mineral resources of 16 million tons (MT) at 3.55% copper. They also reported inferred mineral resources of 154 million tons […]

Copper MMI: Is The “Supercycle” Narrative For Copper Prices Falling Apart?

Copper MMI: Is The “Supercycle” Narrative For Copper Prices Falling Apart?

Although they appear on the rebound from last month’s lows, copper prices have yet to break out of their long-term sideways range. Nonetheless, following an almost 2% overall decline throughout October, prices have now retraced to their highest levels since September. For the second consecutive month, all prices within the index edged lower. That said, […]

Copper MMI: Copper Prices Fall to Lowest Level Since November 2022 Amid Surplus Forecast

Copper MMI: Copper Prices Fall to Lowest Level Since November 2022 Amid Surplus Forecast copper price

Although some moved sideways with more modest declines, all components within the overall index saw copper prices trade lower during the month. As a result, the Copper Monthly Metals Index (MMI) declined 2.34% from September to October. Subscribe to MetalMiner’s free weekly newsletter now and generate the most ROI possible within falling copper markets.  Copper […]

Copper Price Roller Coaster a Wild Ride in 2023: From Highs to Lows and Back Again

Copper Price Roller Coaster a Wild Ride in 2023: From Highs to Lows and Back Again Copper price

It’s safe to say that the copper price index witnessed an interesting 2023 thus far. Indeed, the market’s been volatile, so there were more than the usual ups and downs. Mid-year, prices registered a major tumble because of the fumble in China’s economy. However, soon after, they began clawing back to a respectable level. Prices […]

Copper MMI: Copper Prices Trapped in Sideways Trend as Inventories Triple

Copper MMI: Copper Prices Trapped in Sideways Trend as Inventories Triple

The Copper Monthly Metals Index (MMI) moved sideways from August to September, dropping just 1.36%. Copper prices continue to trade sideways within a tight range. Amid a lack of bullish or bearish momentum, prices have failed to establish a breakout. Following a 3.34% decline throughout August, prices slid merely 0.53% during the first three weeks […]

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