Rolls of copper wire

Copper: Copper Hits Highest Level Since 2014 The red metal continued its expansion higher this week, surging to fresh four-year highs with gains on the year now more than 19%. As global growth continues to strengthen, demand for the industrial metal is growing. Data out of China recently, the largest global consumer of copper, has been improvin...

2017-08-25 James Harte Read more
Commodities_copper_China_0206

Copper:  Better China Data & Weak Dollar Keep Copper Supported The red metal surged to fresh five months highs this week as a number of factors fuelled demand for the commodity. The US Dollar weakened yet again this week as fresh issues with the Trump administration weighed yet again. Senior republicans declared that they would vote “no” to...

2017-07-26 James Harte Read more
Zinc surges_Commodities_1407

Copper: Weaker US Dollar & Mining Strikes Keep Red Metal Supported The red metal climbed higher over the week boosted by weakness in the US Dollar but also by other fundamental factors. Adding further support for the industrial metal was the reported halt in the recent build-up of Copper inventories that has been hanging over price since la...

2017-07-26 James Harte Read more
Commodities_USD_0707

Copper: Rally Reverses As Dollar Rebounds The red metal drifted lower this week linked mainly to a recovery in the US Dollar, which made a small recovery after suffering weeks of declines, though also due to supply environment issues. Adding extra pressure to the red metal this week was the reported surge in warehouse inventories in China. LME ...

2017-07-26 James Harte Read more
Trump_Infrastructure spending plan_Commodities_0906

Copper: Weak Manufacturing Data Weighs on Red Metal Copper prices were initially soft again this week as markets fluctuated ahead of two major risk events: the ECB June meeting and the UK elections. Following the China credit downgrade by Moody’s a weak reading on the Chinese Caixin PMI kept metals pressured. Data weakness was also seen in the ...

2017-07-26 James Harte Read more
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Copper: Red Metal Rebounds Follow Two Week Sell-Off After two consecutive weeks of declines, the red metal managed to recoup some its losses this week.  The main driver behind the recovery was reports of reductions in production output. On Wednesday Freeport-McMoRan, which is the world’s largest public copper company, reduced its production for...

2017-07-26 James Harte Read more
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Copper: Rising Geopolitical Tensions Sink Copper Copper prices plunged to their lowest levels since January this week as risk markets were rocked by an escalation in global political tensions.  Reports that President Trump has sent an “armada” of navy warships towards the Korean peninsula in response to North Korea’s plans to conduct a sixth nu...

2017-07-26 James Harte Read more
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Copper: Rising US Rate Hike Expectations Weigh On Copper Copper prices were weighed down this week by an uptick in Fed rate hike expectations. Following a raft of Hawkish commentary by various Fed members last week, who all agree that a hike would be appropriate soon, market pricing of a March rate hike jumped from around 30% to over 80%. Hawki...

2017-07-26 James Harte Read more
Aluminium soars

Copper Prices: Better China Data Supports, Stronger USD Weighs Copper prices were initially stronger on the week benefiting from better Chinese data. The China Manufacturing PMI for February came in at 51.6 vs. 51.2 expected while the Caixin PMI was also stronger at 51.7 vs. 50.8 expected. Data from China has been increasingly positive over rec...

2017-07-26 James Harte Read more