Lme copper price heading back towards pre
May 10, 2021 copper, often viewed as a barometer of the global economy’s health, rose as much as 3.2 to a record 10,747.50 a ton on the london metal exchange, before erasing gains and settling 0.3 lower at 10,382. aluminum slipped 0.4 after climbed as much as 2.5.Jul 01, 2021 iron ore is one of the main ingredients used to produce steel. according to the u.s. geological survey usgs, almost all iron ore 98 is used in steelmaking. iron ore is mined in nearly 50 countries, with the seven largest of these producing countries accounting for three-quarters of world production. australia and brazil are the two largest iron ore exporters mostly to china, each with Copper, chemical symbol cu, is a shiny, red-orange metal that has a wide range of applications. the price of copper is primarily driven by the availability of substitutes, the global supply and May 11, 2020 for example, three-month copper futures traded at 4,731 per metric ton on the london metal exchange in march 2020. this was down significantly from 6,340 at the start of the year.Copper committee. lme copper factsheet pdf lme copper can be traded on lmeselect from 01.00 - 19.00 london time, 24 hours a day on the inter-office telephone market and during the below times on the ring ring trading time - first session uk 1st ring. 1200 - 1205.Apr 27, 2021 the inventories of copper in london metal exchange’s registered warehouses have recently fallen and it is expected to decline further, analysts said. lme copper inventories stood at 155,100 tonne as of april 26, 2021, falling over 10 percent in the last 10 days.1 day ago as of june 29, the spot price of 99.99 grade copper cathode had surged by yuan 1,256tonne 194t on week to yuan 68,533t including the 13 vat, according to mymetal’s assessment. as of the same day in london, the three-month buyer price of copper on the london metal exchange hadJun 22, 2021 however, last month’s surge in london metal exchange lme copper prices to a record high has not only made imports less favourable for china, but also incentivised shipments in Jul 15, 2015 on july 13, copper for immediate delivery was quoted at 5,606 per metric ton on the london metal exchange. copper prices rose by roughly 1 on a possible greek-debt deal.