Copper prices are rising again on the London Metal Exchange. Metal on the LME in 3-month deliveries will cost US $ 6,833.00 per tonne, after an increase of US $ 5.
In 2017, copper may record the highest growth since 2010. The metal on the LME has already gained more than 20 percent since the beginning of the year.
Copper stocks controlled by the London Stock Exchange fell 2.5 percent to 241,400 tonnes on Monday, according to data released by the LME. In Asia, copper stocks fell by 3.6 percent and in the United States by 4.3 percent.
In the previous session, copper on the LME gained $ 51 and ended at $ 6,828 per tonne. In September, copper prices, one of the indicators of the global economic climate, peaked in three years.
Subscribe to news
Metallurgy news
- 18 November 2024
14:03 Voestalpine does not expect recovery in Germany until spring - 15 November 2024
13:28 Liberty Steel announces plan to restructure Specialty Steel UK - 28 October 2024
20:21 NLMK Verona modernizes sheet metal technology - 20 October 2024
20:38 Ukrainian steel producers will suffer from the Carbon Emissions Management Mechanism - 16 October 2024
17:03 Worldsteel selects a new chairman - 02 October 2024
14:02 SSAB signs agreement with Norwegian company to supply fossil-free steel - 27 September 2024
12:38 Nippon resubmits application for US assessment of USS acquisition - 23 September 2024
23:10 Logistics problems ArcelorMittal Krivoy Rog
Publications
28.11 What is 65G steel sheet: composition, characteristics, scope of use 27.11 Professional lawyer in Lviv: Importance, service and merit 27.11 Security company: We guarantee security with high-quality services from “Princess Varta” 27.11 Finger pulse oximeters from Medplant 25.11 Fuel consumption control system