(Bloomberg) -- Copper headed for its worst weekly loss since 2022 and iron ore extended a slump toward $100 a ton as a policy meeting in China failed to lay ...
-- Copper headed for its worst weekly loss since 2022 and iron ore extended a slump toward $100 a ton as a policy meeting in China failed to lay out more stimulus to shore up metals demand.Futures for the red metal have fallen by almost 5% in London this week amid a broad retreat that’s also battered aluminum, tin and nickel. The complex was also dragged lower on Friday by a shift away from risk assets and a stronger US dollar. In Singapore, iron ore futures dropped below $104 a ton.
Metals traders, meanwhile, also also monitor the fallout from a 7.4 magnitude earthquake that struck in Chile, 45 kilometers outside San Pedro de Atacama in the country’s northern copper and lithium mining region.Copper was 0.3% higher at $9,418 a ton on the LME at 7:46 a.m. local time after posting losses in the first four days on the week. Aluminum has slumped about 4% this week, while tin has retreated by almost 7%. In Australia, miners shares fell, with BHP Group Ltd.
Interactive Brokers has extended trading hours for US Treasury bonds, now allowing you to trade 22 hours a day to respond rapidly to market news... The Democrat spoke of her Senate colleague, Trump's vice presidential pick, in an appearance on "The Late Show."The Princess of Wales, who is undergoing cancer treatment, spoke about the "transformative" power of nature as one of her patronages made an exciting announcementFather Of Parkland Shooting Victim Says He's Infuriated By Fake Ear Bandages At RNC
Prosecutors would face deeply unfavorable odds at getting the Donald Trump-nominated judge from the case if it is ever revived.John Deere ends support of 'social or cultural awareness' events, distances from inclusion efforts
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Billionaire Agarwal Set to Regain Control of Zambia Copper MineVedanta Resources Ltd. is close to taking back control of the Konkola copper mine in Zambia and plans to quickly ramp up output as demand is expected to surge in the coming years.
Read more »
China Turns to Cast-Off Copper in Battle to Feed Hungry SmeltersChina has ramped up imports of copper scrap as smelters seek alternative raw materials to offset tight sipplied of mined ore.
Read more »
Hedge Funds' Bullish Copper Bets Run Into China's Slowdown(Bloomberg) -- As copper surged to record highs last month, several senior Chinese traders started trying to contact western hedge fund managers whose names ...
Read more »
Copper Deepens Slump From Record as Traders Eye Demand in ChinaCopper fell to the lowest level in more than two months — extending a slide from an all-time high — with prices facing sustained pressure from unusually weak Chinese demand.
Read more »
Copper Holds Losses as Traders Eye Soft Demand in China(Bloomberg) -- Copper held losses with prices facing sustained pressure from unusually weak Chinese demand.Most Read from BloombergYouTuber Dr Disrespect Was...
Read more »
China’s Copper Stockpiles Shrink Again in Hint at Demand UpturnCopper stockpiles in China, which have ballooned this year, continued to slide in a tentative sign that buyers are returning in the world’s biggest consumer of commodities.
Read more »