Copper Market News Directory

Doubts Being Raised About a Near Term Copper Surplus

Some analysts and market watchers have been calling for a copper surplus for 2014 and into 2015, but some are raising doubts. In an article for Reuters, Andy Home suggests, "this isn't going to be a year of copper supply surplus at all."

Copper Dips on LME, Rises on Comex

The copper price on the London Metal Exchange declined Wednesday thanks to gains from the U.S. dollar following the release of U.S. durable goods figures, according to Metalbulletin.com.

Copper to Gain on Seasonal China Demand

Reuters reported that LME copper is headed for weekly gains, even though prices dipped slightly on Friday. Copper for three month delivery dipped 0.2 percent to $6,680 a tonne by 0227 GMT. Prices could rise by 0.6 percent this week.

Copper Rises on China Manufacturing Data

Bloomberg reported that copper prices rose on Thursday following the release of better than expected manufacturing data from China. Copper futures for December delivery rose 0.7 percent to trade at $3.04 a pound by 1:14 PM on New York's Comex.

Copper Dips to $6,658 Wednesday

A report from Metal Bulletin stated that copper prices on the London Metal Exchange were down Wednesday thanks to data from the International Copper Study Group.

Arsenic Content a Problem for Copper Miners

The Thomson Reuters GFMS update released this month covered a number of issues related to copper supply and demand, but Frik Els of Mining.com pointed out that the firm also drew attention to the issue of rising arsenic content in copper concentrate.