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Eric Onstad

METALS-Copper rebounds from three-week low on strong China data

Aug 03 2020

LONDON, Aug 3 Copper prices bounced off three-week lows on Monday after robust factory data in China raised hopes of recovering demand in the world's top metals consumer.

METALS-Copper slips on rising virus cases, economic worries

Jul 30 2020

LONDON, July 30 Copper prices slipped on Thursday as investor confidence was hit by a resurgence of coronavirus cases and more evidence of the economic impact of the pandemic.

Red-hot copper to lose steam as investors assess hard facts: Reuters poll

Jul 15 2020

LONDON/BENGALURU A sizzling rally that pushed copper prices to two-year highs will lose some of its heat in coming months as investors take a hard look at supply and demand fundamentals, a Reuters poll showed. <0#BASEMETALPOLL>

METALS-Copper pulls back from two-year peak as market eyes virus risks

Jul 14 2020

LONDON, July 14 Copper prices slipped on Tuesday after a steep rally on worries about rising coronavirus cases and friction between the United States and top metals consumer China.

Small China copper smelters shut as big get bigger: satellite data

Jul 09 2020

LONDON Large copper smelters in China are boosting output and taking market share from smaller ones that are closing, data from satellite surveillance of copper plants showed.

METALS-Copper punches towards January peak, boosted by Chile fears

Jul 08 2020

LONDON, July 8 Copper raced to its highest levels since January on Wednesday as speculators piled into the market, betting on further disruptions in top producer Chile and firm demand from the biggest consumer China.

METALS-Copper rally runs out of steam on worries about China demand

Jul 03 2020

* China copper stocks rise for first time in 7 weeks (Adds nickel comments, updates prices)

Citi commodity business hits record in first-quarter on volatile markets

Jul 02 2020

LONDON Citigroup's commodity business soared to record revenues in the first quarter, mainly due to sharp swings in prices such as oil during the COVID-19 pandemic, an executive said.

LME to examine floor reopening after easing of UK lockdown

Jun 23 2020

LONDON The London Metal Exchange (LME) will examine whether the easing of social-distancing restrictions in England from July 4 will apply to its open-outcry floor, which has been closed for three months.

RPT-Copper trading volumes slide on CME, LME as funds withdraw

Jun 14 2020

LONDON, June 12 Copper trading on the CME and London Metal Exchange tumbled last month as funds and speculators fled from high volatility during the coronavirus pandemic, but volumes shot up in top metals consumer China as lockdowns were lifted.

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