Copper near 7-year high

Copper prices in London advanced on Monday as top metals consumer China posted stronger-than-expected growth in the fourth quarter of 2020, boosting demand confidence. China’s economy grew 6.5% in the previous quarter, faster than the 6.1% forecasts by

The copper price has soared since March last year when it slipped below US$5000 per tonne to trade at about US$4700 per tonne for the first time since 2016. However, the recovery since then has been outstanding with

Copper and most other industrial metals rose on Monday as a weaker U.S. dollar boosted the appeal of the greenback-priced metals, with sentiment aided by gains in the commodities markets on hopes of a recovery in the global

Copper for three-month delivery reached a fresh high of $8,028/t intraday – a level not seen since 2013 when it peaked at $8,346 in February, Marex Spectron’s Alastair Munro said. The US congress reached an agreement on a

Shanghai copper prices leaped to a more than nine-year high on Friday, while the London contract breached the $8,000 per tonne mark to hit a near eight-year peak, buoyed by low inventories and U.S. stimulus hopes. The most-traded

Driven by a growing list of stakeholder requirements and an explosion in creative solutions, Wood Mackenzie expects the mining industry to accelerate its adoption of technology. The sense of urgency will grow as corporates pursue net-zero CO2 pledges, improved