Copper Trading Archives

Australian and New Zealand dollars struck by weak oil

Leave a Comment / Commodities / By Amanda Hansen

The Australian and New Zealand dollars began the week somewhat lower on Monday, following losses in oil and copper as coronavirus infections increase globally and notwithstanding bullish sentiment in more general Asian equities markets. The resource-sensitive Australian dollar increased to reach around flat at $0.7735 at midday, turning morning losses that forced the Aussie to …

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Chinese fears of commodities price caps decrease copper

Leave a Comment / Commodities / By Amanda Hansen

Copper prices slipped on Monday on concerns that top metals consumer China desires to put a lid on rising commodity prices to manage off potential inflation. Concern regarding wavering demand and increasing copper inventories also showed on the market. Benchmark copper on the London Metal Exchange (LME) had declined 0.9% to $8,845 a tonne by …

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China’s imports increased more than expected

Leave a Comment / Economy / By Amanda Hansen

China’s exports increased sharply in March. Imports growth rose to the highest in four years in yet another increase to its economic rebound. Significantly, it is signaling improving global demand amid progress in worldwide coronavirus vaccination. Last month Chinese exports gained 30.6% from a year ago in U.S. dollar terms. An impressive figure, however, still …

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Commodities feed as nuclear talks continue

Leave a Comment / Commodities / By Amanda Hansen

Price action in oil remains somewhat rangebound, with ICE Brent extending to trade about US$63/bbl. There has been little in the way of fresh catalysts for the oil market over the last week. Nevertheless, the market proceeds to follow US/ Iranian developments closely. Nuclear talks among the US and Iran on Friday worked as expected, …

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The commodities situation before the OPEC+ meeting

Leave a Comment / Commodities / By Amanda Hansen

Other lockdowns’ announcement has not supported oil’s case, with Brent dropping more than 2% yesterday. After the news, France would join a month-long lockdown due to increasing coronavirus circumstances. At the same time, Italy will continue Covid-19 restrictions until the end of April. It is developments like these that do the job of OPEC+ challenging …

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Global commodities experienced a boom

Leave a Comment / Commodities / By Amanda Hansen

Almost a yearlong bull run between industrial metals is stumbling this month as the unwinding of an extensive stimulus in China reduces demand, underlining the increasingly pivotal role its state-led economy plays in global commodity booms. China last year placed some $500 billion in state investment to prop up its epidemic-pummeled economy. The stimulus-induced massive …

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How to Find the Best Gold Dealers in the U.S.

Leave a Comment / Education, Experience / By Amanda Hansen

It is worth mentioning that choosing a reputable gold dealer can be daunting, due to various factors. Importantly, when evaluating gold dealers, there are many factors to consider, including their track record, reputation, price transparency, payment options, etc. Let’s have a look at some of the best gold dealers in the world. Let’s start with …

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Three commodities expected to rise as the economy recovers

Leave a Comment / Commodities / By Amanda Hansen

A year following the WHO announced the coronavirus crisis as an epidemic, all the world’s biggest economies are rebound trajectory and slated to record notable growth in the current year after significant slumps in 2020. Oil Following a historic slump, oil has also been on a break, up 110% in a year. In an apparent …

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Peru`s Front-Runner Pledges To Spread Mining Wealth

Leave a Comment / Commodities / By Amanda Hansen

Peru’s populist presidential front-runner Yonhy Lescano intends to renegotiate a more equitable distribution of mining wealth if chosen to lead the world’s No. 2 copper producer and support more affordable natural gas imports. He informed Reuters less than a month before an April vote. Lescano, 62, a retired lawmaker and head of the Popular Action …

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Brent Oil Is Under Pressure And Other Commodities News

Leave a Comment / Commodities / By Amanda Hansen

Overnight the API announced that US crude oil inventories rose by a significant 12.5MMbbls over the last week. Counteracting this were large drawdowns in both gasoline and distillate fuel oil inventories, with these falling by 8.5MMbbls and 4.8MMbbls, individually. This data reveals the outcome of the big freeze that we witnessed across the US Gulf …

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Worries Over Overshoot Raised By Commodities Prices

Leave a Comment / Commodities / By Amanda Hansen

A furious rally in copper has sent it over $9,000 a tonne for the first time after 2011. Following a dramatic recovery, Brent crude on Tuesday briefly passed $66 a barrel, the level at which it began a turbulent 2020. Corn is up nearly 17 percent since the beginning of 2021 to an almost eight-year …

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Consumer Goods Increase The Copper Demand

Leave a Comment / Commodities / By Amanda Hansen

Archie Hunter, Base Metals Editor at Fastmarkets, stated purchasing in copper on-demand pick-up expectations. In an interview with CNBC-TV18, he said that we had China markets come back last week and noticed an enormous thirst for purchasing futures based on what we perceive as low stocks and expectations that demand will pick up. Demand for …

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Copper Rises Above $4 Per Pound

Leave a Comment / Commodities / By Amanda Hansen

With vaccine distribution ramping up and more incentive likely on the move, investors have been speculating on a world economic recovery — and that has increased the price of copper. The metal is sometimes described as Doctor Copper, as its price is seen as a global economic extension sign. The issue now is whether the …

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Wibest – Gold and Silver Prices: Molten metal poured from a crucible.

Metals are streching the Rally

Leave a Comment / Commodities / By Amanda Hansen

Yet it appears that the course may yet change as at the time of writing, palladium has stretched back to the opening level and platinum turned its gains. Market analysts revealed that the risk-on market sentiment rests firmly in place. Hopes for coronavirus vaccine rollouts and global economic improvement have been encouraging traders towards riskier …

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Metals Increase Throughout Thursday`S Quiet Trading

Leave a Comment / Commodities / By Amanda Hansen

Metals were more vital after yesterday’s unexpected inflation data in the United States. While the title Consumer Price Index increased by 0.3% in January, as was exacted, the underline CPI was low, whereas analysts had foretold a 0.2% gain. The flat inflation reading implies that the US economy needs an extra boost to improve the …

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Copper Trading

Australian and New Zealand dollars struck by weak oil

Chinese fears of commodities price caps decrease copper

China’s imports increased more than expected

Commodities feed as nuclear talks continue

The commodities situation before the OPEC+ meeting

Global commodities experienced a boom

How to Find the Best Gold Dealers in the U.S.

Three commodities expected to rise as the economy recovers

Peru`s Front-Runner Pledges To Spread Mining Wealth

Brent Oil Is Under Pressure And Other Commodities News

Worries Over Overshoot Raised By Commodities Prices

Consumer Goods Increase The Copper Demand

Copper Rises Above $4 Per Pound

Metals are streching the Rally

Metals Increase Throughout Thursday`S Quiet Trading

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