-
Copper hits three-month high on report of longer Grasberg recovery
Copper climbed to three-month high on Friday and was on track for its best week of 2026 after a report pointed to a slight delay in the recovery of production at the Grasberg mine in Indonesia, tightening supply expectations. Benchmark three-month copper on the London Metal Exchange was up 1.3% to $13,558.50 a metric ton at 0915 GMT. It earlier touched $13,619, the highest since January 29, when the metal spiked to its all-time peak of $14,527.50. Bloomberg News reported that Freeport-McMoRan is targeting a return to full production at Grasberg by early 2028. The U.S. miner said last month its Indonesian unit was ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From @financialjuice|May 8, 2026|20 commentsConflicts continue between Iran and US vessels near Hormuz Strait - Iran's Nour News IRAN'S NOUR: SPORADIC CLASHES HAVE BEEN ONGOING FOR AN HOUR
From breakingthenews.net|May 8, 2026Wholesale inventories in the United States increased by 1.3% in March compared to the revised February reading, reaching $932.8 billion, the Census Bureau said in its report ...
From breakingthenews.net|May 8, 2026The Consumer Sentiment Index in the United States declined 3.2% in May compared to the month prior, landing at 48.2 from April's 49.8, a preliminary report published by the ...
-
- Newer Stories
From @DeItaone|May 8, 2026|2 commentsFED'S GOOLSBEE: INFLATION HAS NOT BEEN GREAT AND IS GOING THE WRONG WAY FED'S GOOLSBEE SAYS THERE IS NOT A LOT OF EVIDENCE OF JOB MARKET DETERIORATION FED'S GOOLSBEE: INFLATION RISE IS NOT JUST ENERGY, WAS ELEVATED BEFORE WAR GOOLSBEE SAYS FED HAS TO KEEP AN EYE ON INFLATION SITUATION
From vtmarkets.com|May 8, 2026Gold has moved slightly higher, helped by central bank buying and geopolitical tension in the Middle East. Demand linked to US-Iran military escalation has supported safe-haven ...
From @DeItaone|May 8, 2026|41 commentsIRAN SAYS PREPARING PLAN FOR 'LEGAL REGIME' OF STRAIT: TASNIM Iran: Strait of Hormuz plan to become permanent law - Tasnim
- Story Stats
- May 8, 2026 9:36am Posted byFundamental Analysis112
- Instrument:
