Tag: Copper

Anglo American Rejects £39 Billion Offer from BHP, Citing Regulatory Risks

Anglo American Rejects £39 Billion Offer from BHP, Citing Regulatory Risks BHP

Australian mining multinational BHP recently abandoned its bid for London- and Johannesburg listed Anglo American after the target company rejected the latest offer. “While we believed that our proposal for Anglo American was a compelling opportunity to effectively grow the pie of value for both sets of shareholders, we were unable to reach agreement with […]

Secret Weapon in the ‘Copper War’?

Secret Weapon in the ‘Copper War’? scrap copper

Copper demand continues to surge globally. And as the rest of the world struggles with the rising price of copper and the ever-changing copper market, guess who is sitting pretty? Hint: it’s China. Despite fears of a worldwide copper shortage driving copper prices to new highs, the world’s largest producer and consumer of refined copper […]

Construction MMI: Sluggish Metal Demand in China Continues to Weigh on Industrial Metal Demand Globally

Construction MMI: Sluggish Metal Demand in China Continues to Weigh on Industrial Metal Demand Globally silhouette-teams-of-business-engineers-looking-for-blueprints-in-2

The Construction MMI (Monthly Metals Index) continued to hold sideways month-over-month, without significant bullish or bearish pressure on industrial metals. Overall, the index saw a slight 2.56% uptick in price action. However, it failed to break out of its 10-month-long sideways price range. Weekly Midwest bar fuel surcharges dropped significantly, which pulled the index down. […]

Automotive MMI: Will EV Demand Hold Copper Prices Up Long-Term?

Automotive MMI: Will EV Demand Hold Copper Prices Up Long-Term? Automotive manufacturing

The Automotive MMI (Monthly Metals Index) continued to rise month-over-month, this time increasing by 3.04%. Aluminum and platinum prices rose significantly, which pulled the index up and provided significant bullish price action. Meanwhile, copper prices also added some bullish sentiment to the index, though not quite as much as in May. Copper prices continue to […]

Stock Market Soars as S&P 500 and NASDAQ Hit Record Highs

Stock Market Soars as S&P 500 and NASDAQ Hit Record Highs Stock Market

With the most recent economic data coming in hot for this month, overall financial markets presented optimistic signals. Amid futures tied to major stock indexes rallying to new highs, markets could see a significant impact on metal prices, including gold and copper prices. The S&P500 closed just over $528, and the NASDAQ composite index closed […]

Copper MMI: Risks to the Copper Price Uptrend

Copper MMI: Risks to the Copper Price Uptrend copper and copper prices

Overall, the Copper Monthly Metals Index (MMI) rose 17.36% from April to May. The copper price uptrend accelerated throughout April. Bullish momentum saw prices surge nearly 14% from the close of March. By April 29, prices pushed past the $10,000 per metric ton mark. They continued to move even higher by mid-May, with an additional […]

Construction MMI: Will Rising Copper Prices Impact Construction Projects?

Construction MMI: Will Rising Copper Prices Impact Construction Projects? CopperSheet

The Construction MMI (Monthly Metals Index) remained firmly in a sideways trend, only budging upward by 1.28%. The rising price of iron ore PB fines in China had the heaviest impact on the index, holding it more up than down. After that, the next biggest factor was European commercial 1050 aluminum sheets. Meanwhile, all other […]

Automotive MMI: Will Potential Copper Shortages Impact the Automotive Market?

Automotive MMI: Will Potential Copper Shortages Impact the Automotive Market? car copper

The Automotive MMI (Monthly Metals Index) broke out of its nearly 6-month-long sideways trend amid several changes in metals prices. Month-over-month, the index rose 5.24%. Except for shredded scrap steel and palladium, most components of the index either moved up or sideways with slight upward movement. With the recent LME and CME ban on Russian […]

Anglo American Rejects $38.8 Billion BHP Takeover Offer

Anglo American Rejects $38.8 Billion BHP Takeover Offer AngeloAmerican

Metals markets recently saw UK metal and mining multinational Anglo American reject a £31.1 billion ($38.8 billion) takeover bid from Australia’s BHP. Meanwhile, shareholders in the latter company continue to urge an increase in the offer price. On April 26, London- and Johannesburg-listed Anglo American’s board of directors unanimously rejected BHP’s unsolicited, all-share offer made […]

Copper Hits Record $10,000 Milestone: Experts Warn of Impending Supply Crisis

Copper Hits Record $10,000 Milestone: Experts Warn of Impending Supply Crisis Copper wire and copper prices

It took about 24 months for the price of copper to reach the psychological mark of U.S. $10,000 per metric ton. Three-month copper futures on the London Metal Exchange (LME) touched the $10k mark last week. The last time copper crossed this threshold was in March 2022, when it reached $10,845 per ton in the […]

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