• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Minerals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    Copper Price Falls Lower on China Worries

    Teresa Matich
    Aug. 26, 2015 01:55PM PST
    Base Metals Investing

    After copper prices rose 2 percent on Tuesday, Reuters reported Wednesday that the red metal had continued its downward slide on the back of concerns about China’s economy.

    After copper prices rose 2 percent on Tuesday, Reuters reported Wednesday that the red metal had continued its downward slide on the back of concerns about China’s economy.
    As quoted in the publication:

    Three-month LME copper closed 2.6 percent down at $4,935 a tonne, having hit a six-year low of $4,855 on Monday. The metal has lost 22 percent of its value this year.
    “When investor sentiment is as poor as it is, prices can always go lower; but the reaction is overdone. (Copper) premiums in China have surged. Couple that with imports, with copper products output, none of it is looking like we should be panicking,” Capital Economics analyst Caroline Bain said.
    Expectations that a weaker yuan would increase the cost of Chinese imports of refined copper have supported domestic prices in the world’s biggest metals consumer.
    Meanwhile cash LME copper is trading near its highest premium against the benchmark price CMCU0-3 since February, indicating physical supply is not that easy to come by.

    Click here for the full article.

    chinacopper investinglme copperrefined copper
    The Conversation (0)

    Go Deeper

    AI Powered

    Prices of copper dropped significantly

    LME Copper Retreats From Two-Week High

    Latest News

    Corcel Exploration Announces Historical Critical Mineral Potential at Yuma King Project

    Forte Minerals Secures a Second C$5.7 Million Strategic Investment

    Questcorp Mining Closes First Tranche of Private Placement

    First Pass Scout Drilling Returns 10.5m @ 1.02% Copper at Phoenix

    MBK Update - HAS Gold Assets Acquisition

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Empire Metals

    EPMLF

    Canada One Mining

    CONE:CC

    African Discovery Group

    AFDG

    Copper Quest Exploration

    CQX:CC

    Corazon Mining

    CZN:AU

    Blackstone Minerals

    BSX:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES