-
Copper price surge signals strain, but no acute shortage yet
The copper market is flashing warning signs of scarcity with spot prices on the London Metal Exchange trading well above the futures. The cost of purchasing copper on Tuesday is higher than the futures contracts of the commodity. The premium on the most active 3-month contract has reached its widest point since 2021. “The reason for this continues to be strong import demand from the US, which threatens to deplete the LME and SHFE warehouses,” Thu Lan Nguyen, head of FX and commodity research at Commerzbank AG, said in a report. Investors active on these exchanges face a problem, having hedged against copper price ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From benzinga.com|Jul 1, 2025Zijin Mining Group, China's largest gold and copper producer, has announced a definitive agreement to acquire Kazakhstan's Raygorodok Gold Mine for $1.2 billion. The deal, signed ...
From @DBNewswire|Jul 1, 2025|11 comments*TRUMP: NOT THINKING ABOUT EXTENDING TARIFF DEADLINE Trump: I doubt we'll have a deal with Japan. TRUMP SUGGESTS JAPAN COULD PAY 30% OR 35% TARIFF Trump: We will possibly have a deal with India. US President Trump: I Have 2 Or 3 Top Choices For Fed Chair
From mining-technology.com|Jul 1, 2025Sixty-five miles east of the sun-drenched city of Tucson, Arizona, lies the historic copper mine, Johnson Camp. Active on and off since the 1970s, the mine is being resurrected in ...
-
- Newer Stories
From goldcore.com|Jul 1, 2025Next week, the BRICS nations Brazil, Russia, India, China, and South Africa convene once again. But this isn’t just another round of diplomatic niceties. Behind the scenes, ...
From kitco.com|Jul 1, 2025Gold’s price prospects are skewed to the upside over the next 18 months, while silver and platinum are projected to build on their recent strength through 2026, according to ...
From youtube.com/cmegroup|Jul 1, 2025Gold moved higher for the second consecutive session for a totally rally or 1.89%. A new low for the dollar, which pushed commodities higher in the early trading hours. Bob ...
- Story Stats
- Jul 1, 2025 2:55pm Posted byFundamental Analysis241
