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Copper: rising prices

27/06/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Soutenus par un dollar américain plus faible et des inquiétudes persistantes concernant possible US tariffs on copper imports, copper prices in London and Shanghai were on the verge of weekly gains on Friday.

Apr s avoir atteint plus t Èô t 9 917 dollars, son plus haut niveau depuis le 27 mars, le cours du cuivre à trois mois du London Metal Exchange (LME) a kiss é de 0,11% Yes 9 889 dollars la tonne m style="font-family: "Bookman Old Style”, serif">tric à 07:18 GMT. Shanghai Futures Exchange (SHFE) copper rose 1.5% to 79,920 yuan ($11,148.93), after reaching 80,060 yuan, the highest level since March 31. It also increased by 2% for the week. A Beijing-based metals analyst at a futures firm on condition of anonymity mentions that “copper prices have been pushed up by topics of common interest, including a weaker dollar, the continued flow of copper to the United States from the LME due to a possible American copper import tariff, and concerns about the shortage of supply elsewhere in the short term.”

The premium for the LME spot copper contract compared to the three-month contract rebounded to $310 per ton, its highest level since November 2021, indicating short-term supply tension, and the Comex premium to LME copper rose to $1,403 per ton on Thursday, its highest level since November 2021, indicating short-term supply tension, and the Comex premium against LME copper rose to $1,403 per ton on Thursday, its highest level since November 2021, indicating short-term supply tension, and the Comex premium against LME copper increased to $1,403 per ton on Thursday, its highest level since November 2021, indicating short-term supply tension, and the Comex premium against LME copper increased to $1,403 per ton on Thursday, its highest level since November 2021, indicating short-term supply tension, and the Comex premium against LME copper increased to $1,403 per ton on April. Lead from LME fell by 0.32% to $2,032 per ton, tin fell by 0.28% to $33,655, aluminum fell by 0.14% to $2,580, and nickel fell by 0.06% to $15,200. SHFE zinc rose by 1.15% to 22,410 yuan, aluminum gained 0.98% to 20,580 yuan, and tin rose by 0.73% to 268,550 yuan, while lead fell by 0.46% to 17,125 yuan

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