Copper Prices Climb Above $7,000 on Chinese Data
Copper prices hit a three-year high on Monday, breaking the $7,000-per-tonne mark. The metal is on track for its biggest annual gain since 2010.
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Copper prices hit a three-year high on Monday, breaking the $7,000-per-tonne mark. The metal is on track for its biggest annual gain since 2010.
Here’s an overview of the main factors that impacted the copper market in Q3 2017, and what’s ahead for the rest of the year.
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Paul Benjamin, research director at Wood Mackenzie, shares his insight on the copper price rally, the copper market and what’s ahead for the red metal.
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CEO Ivan Glasenberg expects electric car demand to boost the need for copper and the company’s other key metals, and is positioning Glencore accordingly.
Eric Fry of The Oxford Club shares his thoughts on the base metals sector, precious metals and stock picks.
Speaking at this year’s Sprott Natural Resource Symposium, Friedland also named three companies he’s currently bullish on.
By Siv Padhy
Copper prices have slumped in recent years, but historical copper prices have been trending upward for decades.
A weaker dollar and decreasing warehouse stocks also supported prices.
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Mercenary Geologist Mickey Fulp believes copper’s supply and demand fundamentals make it a compelling investment. Plus — learn his pick in the junior space.
A production disruption at Freeport-McMoRan’s Grasberg copper mine, the second-largest in the world, pushed prices higher this week.
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Investors turned to riskier assets after centrist Emmanuel Macron’s victory in the first round of the French presidential election.
Trump’s plan to spend $1 trillion on infrastructure over the next decade should be unveiled later this year. Will it push copper prices higher?
By Siv Padhy
A look at some of the key factors that influence the copper price today.
