Tag: LME copper

Copper MMI: Sanctions Hit Copper Market, Volatility Ahead

Copper MMI: Sanctions Hit Copper Market, Volatility Ahead

Copper prices continued their breakout during March, rising 4.25%. Prices then formed a second higher high on March 15, followed by a new higher low on March 27. The rally continued throughout April as prices climbed an additional 7.59%. As of April 15, they stand at their highest level since June 2022. Subscribe to MetalMiner’s […]

Are Copper Futures REALLY as Bullish as Some Say?

Are Copper Futures REALLY as Bullish as Some Say? another-copper-picture. Copper price

We’ve all heard the story. “The green energy movement will keep copper up!.” But, realistically, how bullish is the long-term outlook for copper? Here at MetalMiner, we’ve pondered this question quite a bit. Ultimately, we’ve come to the conclusion that the copper futures indeed possess a lot of long-term potential. However, is it possible that […]

Copper, Priced for Recession

Copper, Priced for Recession production-of-copper-wire-bronze-cable-in-reels-at-factory

At least that’s what the Financial Times reported Goldman Sachs saying this week with regard to the price of copper. The bank also revised its forecast for the average copper price to $8,698 per metric ton, down from $9,750. According to a NASDAQ post, copper prices touched a six-month low this week as speculators increased short […]

Copper Price Trends: 2022 Review

Copper Price Trends: 2022 Review Copper metal products. Stack of round, square, hexagonal copper

Looking at 2022 copper price trends, the market was nearly as volatile as metals like nickel and aluminum. Currently, copper prices are attempting to break prior highs but have yet to get there. As copper taps into short-term resistance levels, the possibility of a pullback in price appears more and more likely. Meanwhile, the copper […]

Metal Markets Respond Positively as China Relaxes Zero-COVID Measures

Metal Markets Respond Positively as China Relaxes Zero-COVID Measures Screenshot-2022-11-21-at-2.34.01-PM

It may be winter, but it feels like springtime for many in the metal industry and on metal prices in general. After years, China plans to ease up just a wee bit on its COVID-19 restrictions. This includes a reduction in the mandatory quarantine period, which has caused myriad problems for the country’s economy. As […]

Copper MMI: Copper Prices Move Sideways in Tight Range

Copper MMI: Copper Prices Move Sideways in Tight Range Copper-MMI-October-1

The October Copper Monthly Metals Index (MMI) fell 5.59% from September to October, with all components experiencing declines. Still, future copper prices face a wide range of challenges. Copper prices continue to show signs of short-term consolidation following a brief rebound that stalled in late August. Meanwhile, the bottom found in mid-July and the peak of […]

Copper MMI: Copper Prices Fall to Lowest Since November 2020

The Copper Monthly Metals Index (MMI) dropped 10.69% between June and July. The copper price trend continues to go bearish.Copper price action continues to show massive bear trends and signals further declines.  The continuous breakdown of short-term trading ranges fosters a volatile market. This leaves industrial buyers at risk of inventory value fluctuations. Spike in […]

Copper MMI: Copper Prices Fall with Chinese Lockdowns

Starting in late April, copper prices began to take out prior lows. It seemed like an attempt to find a bottom and reestablish a potential bullish reversal in the short term. The Copper Monthly Metals Index (MMI) fell by 3.04% month over month. Know what to do when the trend shifts. Related article: The Art […]

This Morning in Metals: U.S. Steel offers Stelco 25% stake in Minntac

This morning in metals news, U.S. Steel has offered Stelco a 25% stake in its Minntac operation, LME copper fell to a two-week low and China’s industrial profits plunged 36.7% in the first quarter. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!

This Morning in Metals: USTR to Consider Extension of Tariff Exclusions on $34B of Chinese Goods

This morning in metals news, the United States Trade Representative will soon consider whether to extend tariff exclusions granted last year for imports of certain products from China, the GFG Alliance is aiming to consolidate its steel operations and make the new consolidated entity carbon-neutral by 2030, and LME copper prices continue to make gains […]

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