Commodity Trade Mantra

Posts Tagged ‘Refined Copper’

Copper Hits Fresh Lows Not Seen Since March 2009

China is facing an unprecedented drop in refined copper imports as a slowing economy erodes demand. Concerns metals demand is ebbing deepened as Codelco, the biggest copper producer, cut its surcharge for sales to China by 26 percent next year. The reduction highlighted waning consumption in the Asian country.

Copper and Aluminum Rally on Supply Deficit

Copper prices have been rebounding as demand for copper expands to a record in China & use in the U.S. climbs to the highest since 2009. Global copper inventories have fallen by almost half this year & are near the lowest since 2008. Aluminum rose to the highest in 18 months as global production trails consumption.

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