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Copper is one of the most commonly used of the base metals, and when in high demand, copper is a reliable indicator of our economic health. But its importance isn’t confined to electrical wires and thermal conductors.
Copper also plays a vital role in the rise of renewable energies and the production of electric vehicles, helping us transition to a low-carbon economy.
Our team of experts provides global and local data-driven insights, prices, forecasts and market news to help you make sense of the forces influencing the copper market. Our expert analysis provides critical insights to help you predict future trends for win-win outcomes in your contract negotiations.Inquire about our copper market analysis and price data
Inform your base metals strategy with metals price forecasts and analysis for the global base metals industry
Market-reflective copper price data spanning the copper supply chain, from copper concentrates and copper wire to copper scrap
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As copper prices reach record highs and analysts warn of ‘unsustainable deficits’, we explore the key trends shaping the copper market:
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Base metals prices are generally consolidating this morning, Friday May 5, after setting fresh lows intraday on Thursday.
The US copper scrap market is largely in a temporary freeze following a plunge in Comex copper prices, although while some buyers have taken to the sidelines, others are taking a proactive approach amid fears that more paper has been traded than metal.
Base metals prices are for the most part consolidating this morning, Thursday May 4, with prices down an average of 0.2% on the London Metal Exchange. Nickel prices are off the most, down 0.7% at $9,170 per tonne, while copper is little changed at $5,592 per tonne. Volume has been high with 8,448 lots traded as of 06:54 BST.
Base metals prices are down an average of 0.7% on the London Metal Exchange this morning, Wednesday May 3, with zinc, copper and lead prices down around 1%, with three-month copper prices at $5,751 per tonne, while aluminium and nickel prices are off around 0.5% and tin prices are down 0.2%. Volume has been light with 3,907 lots traded as of 06:20 BST.
Three-month base metals prices are up an average of 0.5% on the London Metal Exchange this morning, Tuesday May 2, with aluminium and lead prices slightly weaker while the rest are up between 0.3% for tin prices and 1.4% for zinc prices, with copper prices up 0.7% at $5,777 per tonne.
There is generally a firmer tone in the base metals traded on the London Metal Exchange this morning, Friday April 28, with three-month prices up an average of 0.3%, while tin is the only metal showing a loss.
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