Copper Market News Directory

Copper Surge Triggers Stop Spike Event

On Tuesday, Bloomberg reported that copper prices rose to their highest in 13 months on China stimulus reports, triggering a "stop spike event" and halting trades for 10 seconds. The red metal slid back to 0.9 percent to $3.1385 a pound at 11:07 a.m. on Wednesday, according to another Bloomberg article.

Copper Futures Dip on Slower China Growth reported today that copper futures dipped a bit lower Monday on slowing factory output from China. Concerns over an economic slowdown rose after data showed that China's factory output for August had grown at the weakest pace in almost six years.

Chile to See 20% of Mines Closed by 2025 reported that roughly a fifth of the largest copper mines in Chile could soon be closed. However, some of the mines could also be saved through a reconversion process.

Copper Slips for First Time in Four Sessions

Three-month copper on the London Metal Exchange dropped 2.2 percent or $150.38 to trade at $6,835.50 per tonne in London, according to Bloomberg, marking its first decline in four days.

China Copper Imports Dip 12% on Financing Probe

Copper imports for China fell to 340,000 metric tons in August, a decline of 12 percent. The drop was mostly due to a drop in shipments a year prior due to a government investigation into fraudulent metal financing at Chinese ports.