13 articles
Copper prices held steady on the LME supported by AI data center demand expectations. Markets remain cautious ahead of China's reopening following recent tariff-driven supply shifts.
Copper prices surged toward record highs amid tightening supplies and low inventories in China ahead of key holidays. Seasonal demand and import tariff concerns further constrained markets, pushing LM
Copper prices stabilized on the LME at $14,202.50/ton despite Fed rate hike concerns, supported by renewable energy demand and supply disruption fears.
LME copper futures reached a historic high above $14,700 per ton amid expectations of expanded US tariffs. Year-to-date prices have risen over 17%, with domestic exchanges following the upward trend.
LME copper inventories fall for a 42nd day as backwardation hits 2021 highs, indicating a severe supply squeeze. Prices near records driven by tight feedstock and rising demand from EVs and data cente
Norsk Hydro cut its Brazilian alumina plant output to 50% following natural gas disruptions, lifting aluminum prices to a seven-week high. Tight global supplies and low LME inventories continue to dri
Kalshi Inc. plans to launch perpetual copper futures driven by AI demand, following recent precious metals expansions, though regulatory approval remains pending. The move aims to offer investors expo
Glencore and Hartree Partners plan to withdraw lead from LME warehouses as inventories hit record highs. Sources indicate actions may involve physical delivery or storage rent deals, influencing marke
Copper prices rose over 0.9% on the LME, driven by AI-driven power demand optimism despite geopolitical tensions from US strikes on Iran. Other industrial metals like zinc and aluminum also gained as
Copper and industrial metals rallied on Friday, buoyed by a weaker US dollar and diminished expectations of Fed rate hikes. Copper rose 0.7% to $13,413 per ton on the LME, with nickel and aluminum als
Copper prices rose to $13,135 per ton on the LME, buoyed by a weakening dollar and AI stock rally, while aluminum and nickel also gained amid shifting interest rate expectations and supply outlooks.
Copper prices declined on Wednesday amid macroeconomic concerns and Middle East volatility, offsetting tariff support expectations, while LME registered stocks fell and other industrial metals also po
Trafigura withdrew over 51,000 tons of copper from LME warehouses worth over $700 million, driven by arbitrage opportunities between US and Asian markets amid tariff concerns.
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