Traders Are Shelling Out Millions to Secure Copper
The threat of Trump tariffs is driving huge demand for the red metal.
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The threat of Trump tariffs is driving huge demand for the red metal.
Copper declined with other base metals after stronger-than-expected US consumer prices spurred bets on more aggressive tightening by the Federal Reserve.
Copper headed for a weekly gain, as signs of Chinese demand and possible supply disruption at a Chilean mine boosted the metal.
Copper steadied as a rally in tech-related stocks held near record highs on optimism about the artificial intelligence boom.
Copper rose for a third day, tracking gains in Asian equities after a tech-led rally on Wall Street.
Copper steadied as investors honed in on potential shifts in supply and as a Chinese national holiday was set to damp trading volumes.
Copper and other base metals retreated ahead of a weeklong holiday in China, as traders assessed the countryโs demand outlook following slower growth in industrial profits.
Copper held gains as traders weighed tightness in supply and signs of buying interest picking up in China.
Thereโs nothing outwardly remarkable about the journey of the Nord Norfolk, a Liberian-flagged bulk carrier sailing across the Atlantic toward New Orleans.
Copper headed for a weekly gain, as signs of a rebound in Chinese demand helped to offset hawkish messaging from the Federal Reserve about the likelihood of more interest rate rises.