LONDON, May 11 (Reuters) – Copper slipped on Monday as
doubts emerged about whether rate cuts in China would be enough
to stimulate economic activity in the world’s largest consumer
of industrial metals.
Benchmark copper traded at $6,363 a tonne in
official rings, down from Friday’s last bid of $6,385. The metal
used in the power and construction industries is up about 20
percent since late January.
LONDON, May 7 (Reuters) – Copper was supported on Thursday
by expectations of further stimulus to boost economic growth in
top consumer China, but gains were capped by equity market
losses around the world.
Three-month copper was trading at $6,429 a tonne at
1011 GMMT from $6,390 at Wednesday’s close. Earlier this week
the metal used in the construction and power industries hit
$6,481 a tonne, the highest since December 15.
LONDON, May 6 (Reuters) – Expectations of collapsing
tungsten prices after China abolished export taxes are likely to
be dashed as the country’s officials have found another way to
limit shipments, Russell Clark, managing director at mining firm
Wolf Minerals, told Reuters.
A World Trade Organization ruling last year said China’s
export duties imposed on rare earths, tungsten and molybdenum,
were incompatible with the country’s WTO obligations. China has
abolished those levies effective May 1.
LONDON, April 27 (Reuters) – New measures to increase the
amount of metal withdrawn from warehouses, relative to material
brought in, will help to reduce queues faster at London Metal
Exchange (LME) registered warehouses, the exchange said on
The LME, the world’s oldest and biggest market for
industrial metals which is now owned by Hong Kong Exchanges and
Clearing Ltd, oversees warehouses where companies that
buy metals on its futures market can take delivery of
quality-assured supplies if needed.
LONDON, April 20 (Reuters) – Copper jumped to a three-week
high on Monday after China eased monetary policy to stimulate a
slowing economy, only for prices to reverse as hopes of stronger
Three-month copper on the London Metal Exchange hit
$6,173 a tonne, the highest since March 26, before falling to
$6,000 a tonne at 1441 GMT, down 1 percent on the previous
NEW YORK/LONDON (Reuters) – Copper ended a volatile week on firmer footing Friday, rallying 6 percent in its largest one-day advance since early 2010, as opportunistic buyers stepped up purchases on the eve of a European Union debt-crisis summit.
A day removed from its worst one-day collapse in four weeks, copper bounced back strongly to lead all gainers in the Reuters-Jefferies CRB index .CRB, as investors grew hopeful for a near-term solution to the euro zone debt crisis. The metal was also helped by Chinese buying signals.
LONDON, Oct 21 (Reuters) – Leading London Metal Exchange
shareholders will insist on retaining key elements of the
134-year old exchange’s unique trading and business model as a
condition to agree any sale, they told Reuters.
The LME offers standard one- and three-month contracts, but
users can also trade daily out to three months and forwards are
available for those who want to trade for several months or two
to three years down the line. The range of LME trades has
spawned a web of related trading structures worldwide.
LONDON (Reuters) – A deteriorating economic outlook and the damaging consequences for Chinese metal goods exports to the United States and Europe will undermine the country’s demand for copper next year, a Reuters survey showed.
The survey of 10 analysts carried out over the last week showed real Chinese copper demand, which excludes metal bought for stockpiling, will grow 6.3 percent in 2012.
LONDON (Reuters) – Gold slid on Wednesday as higher hopes of a resolution to the euro zone debt crisis persuaded investors to shrug off a downgrade to Spain’s credit rating and opt for equities, but a softer dollar helped provide some support.
Spot gold was bid at $1,653.30 a troy ounce at 0945 GMT from $1,658.64 an ounce late in New York on Tuesday.
LONDON (Reuters) – Gold jumped to a three-week high on Monday, boosted by fresh investor interest and a softer dollar against the euro after a G20 summit reinforced hopes that European leaders would soon resolve the region’s debt crisis.
Spot gold rose 1 percent to hit $1,694.60 a troy ounce, its highest since September 23. The precious metal was bid at $1,687.19 an ounce at 1013 GMT from $1,678.53 late in New York on Friday.