aaksoy

During October, 3-month LME copper prices traded between $14,031 and $14,700 per tonne. At the beginning of the month, copper prices were supported by lower expectations of US interest rate hikes, rising strike risks in Chile and gains in technology stocks. Concerns about possible supply disruptions in Chile also provided support to prices. On the supply side, workers at Escondida, one of the world's largest copper mines, rejected a new labor agreement, increasing the risk of a strike....

3M LME copper prices traded in a range of $13,926–14,875 per tonne in September. Copper ended the month at $14,405 per tonne, recording a monthly gain of approximately 0.84%. Copper started September on a strong note, reaching $14,441.5 per tonne on September 1, its highest level since January 29. However, prices later came under pressure as profit-taking, a stronger US dollar and selling in global bond markets weighed on the market. Despite this pullback, lower copper inventories outside the...

Three month LME copper prices traded within a range of USD 13,796-14,437 per tonne during August. LME copper prices maintained a strong performance throughout August, supported mainly by concerns over global supply and declining warehouse stocks. Copper prices were supported by increased shipments to the US ahead of potential tariffs on refined copper, which led to a significant reduction in LME warehouse stocks. The depreciation of the US dollar and the Democratic Republic of Congo’s...