Copper prices likely to upsurge in November

On the demand side, spot premiums dropped on surging SHFE copper, pandemic outbreak and poor downstream demand. The popularity of copper cathode rod also weakened with a wide spread between copper cathode and scrap, evidenced by contained new orders. On the terminal end, the China Southern Power Grid slowed down the placing of orders. The delivery in east China that is covered by State Grid was normal, while the orders in north China were delayed until next year on spreading covid.

On the whole, copper prices are likely to rise to some extent with support from low inventory and the macro front. The most-traded SHFE copper is expected to move between 63,500-68,000/mt in November, and LME copper between $7,650-8,300/mt.

Jubilee Metals Group (LON:JLP) is a global, diversified metal recovery company that operates world-class projects, ensuring a positive impact on the environment and its stakeholders

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin
Jubilee Metals Group Plc

More articles like this

Jubilee Metals Group plc

Why Copper is a critical mineral

Copper is critical for everything from the electrical grid to electric vehicles and renewable energy technologies. But despite copper’s indispensable role in the modern economy, it is not on the U.S. Critical Minerals list. This infographic from the Copper Development

Jubilee Metals Group plc

Palladium may be key to a new era of superconductors

Am issue is how can we produce the best superconductors that remain superconducting even at the highest possible temperatures and ambient pressure? Vienna University of Technology with collaboration from Japan show there is a ‘Goldilocks zone’ of superconductivity

Jubilee Metals Group plc

Chrome remains robust with strong demand from China

Jubilee’s Inyoni Facility continued to deliver a strong performance in line with expectations. The Inyoni operations achieved 9 019 PGM oz for the quarter (100% from own operations) and additionally, sold the equivalent of 2 418 PGM oz

Jubilee Metals Group plc

Copper prices up as market awaits US inflation data

The LME market was closed yesterday. The most active SHFE 2306 copper contract finished at 67,640 yuan/mt overnight, up 0.91%. Trading volume was 23,000 lots, and open interest stood at 182,000 lots. On the macro front, the dollar

Jubilee Metals Group plc

Jubilee expects to meet or exceed full-year PGMs & chrome guidance

Metals processing company Jubilee Metals is expected to meet and possibly exceed its full-year guidance for both platinum group metals (PGMs) and chrome following strong production results at its South African and Zambian operations for the third quarter ended March 31. “Our

Jubilee Metals Group plc

Jubilee Metals expects to exceed full-year chrome guidance

Jubilee Metals expects to beat its 2023 full-year guidance for chrome production after the metals processing company’s operations exceeded its target in the latest quarter. The company, valued at R5.7bn on the JSE, aimed for 300,000 tonnes and

Jubilee Metals Group plc

Jubilee Metals continues to deliver a strong performance

Jubilee Metals Group PLC (LON:JLP), a leader in diversified metals processing, with operations in Africa, has provided an update on its South African operations and its Zambian projects for the quarter ended 31 March 2023. Q3 FY2023 OVERVIEW

Jubilee Metals Group plc

Platinum nanoclusters improve fuel cell performance

Recent findings by researchers at the Tokyo University of Science have the potential to serve as a guideline for the design of future high-activity, high-performance platinum catalysts for use in polymer electrolyte fuel cells (PEFCs). In a paper

Jubilee Metals Group plc

Copper: An unsung hero of energy transition

There are two unsung hero metals used in the production of electric vehicles or EVs and the batteries that power them – and neither of them are lithium. These minerals are of course nickel and copper, and their

Jubilee Metals Group plc

Platinum group metals can add million South African jobs

JOHANNESBURG ( – Collaborative marketing of platinum group metals (PGMs) has the potential to add a million more South African jobs and contribute R8-trillion more to the economy as the world greens and lowers carbon intensity. The combination of green

Jubilee Metals Group plc

Copper is at the heart of the energy transition

Today, the copper industry accounts for about 0.2 percent of worldwide greenhouse gas emissions, and demand for copper is expected to double by 2050—from 25 million tonnes in 2020 to 50 million tonnes—driven by critical decarbonization technologies, such

Jubilee Metals Group plc

Jubilee posts higher PGM output in H1

Base and precious metals miner Jubilee Metals has announced a strong performance in the six months ended December 31, 2022, with a 20% increase in platinum group metals (PGMs) produced from own operations and chrome production exceeding its guidance. The company’s adjusted

Jubilee Metals Group plc

Turning mining liabilities into assets

Jubilee Metals Group is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. Their distinguishing value proposition is their net positive impact on all stakeholders and the environment. They create value

Jubilee Metals Group plc

Jubilee Metals South African operations deliver a strong performance

Jubilee Metals Group PLC (LON:JLP), a leader in diversified metals processing, with operations in Africa, has published its condensed unaudited Half-Yearly Financial Report for the six-month period ended 31 December 2022. Overview Financials § Group Revenue of £63.1 m

Jubilee Metals Group plc

Jubilee Metals to publish half-year results on 20 March 2023

Jubilee Metals Group PLC (LON:JLP), a leader in diversified metals processing, with operations in Africa, has announced that it will publish its unaudited half-yearly results for the six-month period ended 31 December 2022 on Monday 20 March 2023.

No more posts to show