Zinc, lead rise 2% as LME base metals prices recover

Base metals

Zinc and lead led the gainers’ list at the London Metal Exchange with 2 percent rise in their prices as the London Metal Exchange base metals prices gathered momentum on Wednesday, with the complex recouping losses made at Tuesday’s close. Three-month zinc and lead prices climbed on the back of a slight down tick in […]

Copper, zinc lead as LME metals extend rebound gains

London Metal Exchange, LME

Copper and zinc led in metals extension of rebound gains as three-month base metals prices on the London Metal Exchange (LME) were for the most part in positive territory on Tuesday. Copper was up 0.2 percent at $6,082 per tonne, zinc 0.7 percent at $2,545 per tonne and nickel prices bucking the trend with a […]

Global mining faces cloudy outlook on trade tensions, Says Fitch

Fitch

The outlook for the mining sector has become more clouded in recent months due to trade tensions between the US and China, Fitch Ratings says, adding that prices for several commodities, including copper, nickel and zinc, fell sharply in July due to investor concerns about global growth. In a press release Thursday, the global rating […]

Buying interest in LME base metals inches higher as copper lead gainers

LME

Three-month base metals prices on the London Metal Exchange (LME) were positively higher on Thursday, with the complex up an average of 0.4 percent. Leading the gains was LME copper, up 1.1 percent, followed by tin at 0.5 percent and lead and zinc both up 0.4 percent. Meanwhile, aluminium was up 0.1 percent, consolidating after […]

Copper sees 0.2% decline on China’s data showing slower growth

Copper

Copper prices saw a 0.2 percent decline on Tuesday as data showing slower growth in China’s manufacturing sector fuelled nervousness about demand in the top consumer. Benchmark copper on the London Metal Exchange traded down 0.2 percent at $6,237 a tonne in official rings. Caroline Bain, an analyst at Capital Economics said: “The PMI data […]

Stronger dollar impacts copper prices

Copper prices fell on Tuesday as the impact of a strengthening dollar overwhelmed positive trade data from China, the world’s largest consumer and producer of industrial metals. Chinese imports and exports grew more strongly than expected in April and copper imports rose 2.8 percent from the previous month, implying healthy demand and pushing prices higher […]

Precious metals struggle to hold firm despite recovery

Precious metals have continued to struggle to hold firm despite recovering from the low ebb of last week, reports seen by business a.m. show. The commodities returned lower after gains seen last week on traders’ booked profits spurred by the strength in the dollar index. The staggering was attributed to lack of buying momentum which […]

Copper climbs 0.5% on report showing resilient Chinese economy

Copper edged up Monday on expectations of higher demand from top consumer China after a report showed a resilient economy despite a modest monthly decline in manufacturing activity. Benchmark copper rose 0.5 percent to $6,829 per tonne by 10:50 GMT, edging away from a two-week low touched on Friday. The metal shed 2.4 percent on […]