- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Element79 Gold Corp
Brunswick Exploration
Sirona Biochem
Forum Energy Metals
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Chinese Authorities Investigating Use of Metals for Collateral in Qingdao
Investing.com reported that copper prices have fallen by the most in seven weeks on concerns that demand from China could be abated amidst investigations in Qingdao.
Investing.com reported that copper prices have fallen by the most in seven weeks on concerns that demand from China could be abated amidst investigations in Qingdao. According to Investing.com, the port city of Qingdao stopped several shipments of copper and aluminum last week, and authorities are currently looking into whether companies have used the same iron, copper and aluminum stocks for more than one loan.
As quoted in the publication:
US copper producer grade 110 price saw the biggest decline of the day, dropping 0.8 percent to close at $3.84 per pound on Wednesday, June 4. The price of US copper producer grade 122 saw a 0.8 percent decline to $3.84 per pound. The price of US copper producer grade 102 declined 0.7 percent to $4.03 per pound. After dropping for two days, the cash price of primary Japanese copper flattened at JPY 736,000 ($7,176).
The 3-month price of copper saw little movement yesterday on the LME, closing out around $6,922 per metric ton. The cash price of primary copper showed little movement yesterday on the LME at $7,003 per metric ton.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â