LONDON, Jan 7 Copper prices steadied on Monday
after the biggest rise in three months in the previous session
on investor hopes that Chinese measures to boost lending would
be followed by progress in trade talks with the United States.
LONDON, Jan 4 Copper prices rallied on Friday
from the previous day's 18-month low after China cut bank
reserve requirements and announced new trade talks with the
LONDON, Dec 28 Copper inched up on Friday for
its first weekly rise in five weeks as gains on global equity
markets rekindled interest in riskier assets and a weaker dollar
made metal cheaper for buyers with other currencies.
LONDON, Dec 18 Copper prices fell to a
three-month low on Tuesday as fears that weak global growth will
reduce demand combined with news that a large smelter in India
could restart, lifting supply.
LONDON Copper prices fell to a five-week low on Tuesday as fears that weak global growth will reduce demand combined with news that a large smelter in India could restart, lifting supply.
LONDON, Dec 14 Copper clocked a third
consecutive weekly fall on Friday after weaker than expected
Chinese industrial data dampened expectations of demand from the
largest metals consumer.
LONDON, Dec 6 Most industrial metals prices fell
on Thursday and copper hit a three-week low after the arrest of
a top Chinese executive in Canada dampened hopes for a
resolution to the U.S.-China trade conflict.
LONDON, Nov 28 Zinc prices rose on Wednesday as
falling stockpiles and rising premiums for nearby metal
highlighted a short-term supply squeeze, halting a slide to
LONDON The global platinum market will be oversupplied by around half a million ounces both this year and next, an industry report said on Wednesday, suggesting little respite for producers facing prices languishing near 10-year lows.
(Updates with closing prices)
By Peter Hobson
LONDON, Nov 26 Zinc prices fell for a second
session on Monday as expectations of weaker demand from Chinese
steel mills overpowered signs that the market is short of metal.
Most other industrial metals also fell on caution over the
outcome of trade talks between U.S. President Donald Trump and
Chinese President Xi Jinping later this week that could
influence demand for commodities.
Benchmark three-month zinc on the London Metal Exchange
(LME) closed down 1.3 percent at $2,487 a tonne after
falling 2.4 percent on Friday.
The metal used to galvanise steel was under pressure after
demand concerns drove Chinese steel prices down more than 5
percent to a five-month low.
Zinc fell 2.5 percent on the Shanghai Futures Exchange
(ShFE) , its biggest one-day drop since August. China is
the biggest consumer of zinc and other industrial metals.
But prices are supported by stockpiles at 10-year lows and
shortages of immediately available metal, said ING analyst
"Fundamentals (for zinc) are constructive, at least in the
short term," he said.
ZINC SPREAD: The premium of cash zinc to the three-month
contract fell to $63 from last week's two-decade high
of $97 but remains unusually high, suggesting a shortage of
STOCKS: Stocks of zinc in LME-registered warehouses have
halved to 121,550 tonnes since August, a 10-year low, while
inventories in ShFE warehouses at around 35,000 tonnes are down
from almost 160,000 tonnes in March.
TECHNICALS: Zinc has fallen below its 50- and 100-day moving
averages, worsening its technical picture.
SPECULATORS: Speculative investors are neutral on zinc, with
brokers Marex Spectron estimating their net short position at
1.4 percent of active contracts.
DEFICIT: The roughly 13.5 million-tonne-a-year zinc market
had a 305,000 tonne deficit over January-August, according to
the International Lead and Zinc Study Group.
SUPPLY: Zinc prices have fallen 30 percent from a February
high as investors anticipated a surge in refined zinc output
after a clutch of new mine openings.
But delays in that new supply due to bottlenecks at smelters
across Asia have put a floor under prices, helping them recover
from an August low of $2,283 a tonne.
CHINA GROWTH: Economic growth in China is expected to hit
6.6 percent this year and slow to 6.3 percent in 2019,
economists from Beijing's Renmin University said.
PRICES: LME Copper ended down 0.3 percent at $6,189
a tonne, aluminium finished up 0.1 percent at $1,951.50,
nickel lost 0.4 percent to $10,875, lead slipped
1.3 percent to $1,943 and tin closed up 0.5 percent at
(Additional reporting by Mai Nguyen in Singapore and Melanie
Burton in Melbourne; Editing by Mark Potter, Jan Harvey and