Copper Supported by Fed Rate-Cut Bets, U.S.-China Trade Truce -- Market Talk

WSJNov 10 18:23

Hong Kong Stock Market Midday Review | Hang Seng Index rose 1.65% in the morning session; chip stocks advanced in early trading.

Driven by the continuous advancement of AI and self-controllability, chip stocks rose in early trading.

Zhitong FinanceNov 6 12:00

Expectations of a global copper supply shortage intensify as Glencore reportedly plans to shut down its copper smelter in Canada.

① Mining giant Glencore plans to close its Horne smelter in Quebec, Canada, along with the associated Canadian Copper Refinery, primarily due to environmental concerns and the substantial costs required for upgrades; ② The Horne smelter produces over 300,000 tons annually, accounting for approximately 17% of U.S. copper imports, and its closure will directly impact the North American copper supply chain while reinforcing expectations of a global copper supply shortage.

cls.cnNov 3 20:45

Supply disruptions have set the stage for shortages, pushing the U.S. copper concept stock index to a record high.

Copper prices in the London market hit a record high. The rally, fueled by disruptions to mine supply and tariff-induced trade chaos, gained further momentum amid expectations of a near-term easing in U.S.-China tensions. The three-month copper contract on the London Metal Exchange (LME) climbed to $11,146 per tonne, surpassing the previous peak set in 2024. As a core commodity in industrial sectors and a barometer for global economic growth, copper prices have risen by more than a quarter this year, putting the metal on track for its best annual performance since 2017. For this key commodity, 20

Global Market MonitorOct 30 01:23

LME Copper Hits Record High: Tight Supply Meets Rate-Cut Expectations, Heating Up the Global Copper Market

① Copper prices at the London Metal Exchange hit a record high of $11,146 per ton on Wednesday, surging over 26% year-to-date; ② A series of incidents involving major copper mines in Chile and Indonesia, coupled with production expectation cuts by miners like Glencore, have intensified supply shortage concerns; ③ Market analysis predicts that the copper market will face its largest supply deficit in two decades by 2026.

cls.cnOct 29 19:44

Copper Rises on U.S.-China Trade Optimism, Fed Rate Cut Prospects -- Market Talk

WSJOct 27 17:30