LONDON, March 11 (Reuters) – London copper rose on Tuesday
as buyers took advantage of prices that hit their lowest in
eight months on Monday, but rising inventories in China and
little sign of a pick-up in physical demand kept industrial
metals under pressure.
Heavy selling in copper since Friday has not let up on the
Shanghai Futures Exchange, with the most-traded May contract
losing a further 2.2 percent to reach its lowest for 4-1/2 years
LONDON/SINGAPORE, March 3 (Reuters) – Gold, crude oil and
grains surged on Monday while industrial metals slid as
investors reacted to escalating tensions between Moscow and Kiev
after the Russian military tightened its grip on Ukraine’s
Concern about supplies pushed up crude oil prices by more
than $2 a barrel and wheat and corn by 4-6 percent. Safe-haven
buying sent gold prices to four-month highs.
LONDON, Feb 26 (Reuters) – A new burst of investment in
commodities after a hellish 2013 is expected to fizzle out in
coming months, with investors alert to the fickle nature of
rallies across basic resources such as gold and agriculture.
The 19-commodity Thomson Reuters/Core Commodity Index
has gained 6.6 percent in February, its biggest
monthly increase since October 2011, and up nearly 8 percent
LONDON, Feb 25 (Reuters) – Copper fell for a second day on
concern about the impact of slower growth in China and its
volatile property sector on metal inventories.
Copper has been hit harder than other industrial metals
recently due to worries about inventories in China linked to
financing deals, said Stephen Briggs, metals strategist at BNP
LONDON, Feb 20 (Reuters) – Electric cars, solar energy and
shale oil promise to power new demand for tin as its use for
solder in circuit boards stalls because electronic devices are
getting ever smaller.
The constant miniaturisation of electronics could lead to
the loss of 40,000 tonnes of tin demand per year over the next
5-10 years, industry group ITRI said. That is equivalent to some
12 percent of global refined tin consumption in 2013.
LONDON, Feb 14 (Reuters) – Copper rose on Friday, helped by
a weak dollar and limited short-term availability of the metal
in the physical market, but gains were limited by uncertainty
about the demand outlook following soft U.S. and Chinese
Other metals also gained. Tin, the best performer, jumped to
a eight-week high on worries about supply from Indonesia.
LONDON, Feb 13 (Reuters) – A short, sharp squeeze could be
on the cards for physical copper markets as inventories fall and
healthy demand outpaces expected new material from smelters.
Analysts expect the market to be weighed down by a surplus
later this year due to rising mine output, but for now
availability of refined copper is tight.
LONDON (Reuters) – Japan’s Mitsubishi UFJ Securities International became the latest bank to withdraw from the commodities sector, hit by weaker investor interest and tougher regulation.
The institution said on Thursday it was closing its international commodities derivatives business due to concerns about long-term viability.
LONDON, Feb 5 (Reuters) – Copper prices dipped on Wednesday,
resuming a downtrend after a brief bounce, as investors worried
about weak demand in China and about the adjustment of the
Chinese market to a drop in London prices when it reopens on
Copper rebounded on Tuesday and early on Wednesday from
two-month lows, but those gains faded as the session wore on.
LONDON, Feb 5 (Reuters) – The London Metal Exchange (LME)
pressed on with reforms to its controversial warehousing network
on Wednesday, appointing external consultants and lawyers to
advise whether more deep-rooted changes are needed to slash
The LME, the world’s largest marketplace for metals such as
copper and aluminium, last year announced new regulations aimed
at cutting queues of over a year in some cases to source
deliveries of metal from the depots.