www.unuudur.com » Copper prices fall

Copper prices fall

[Нийтэлсэн: 12:02 26.10.2017 ]

www.mining.com

Copper prices fell 0.71 per cent to $6,993 a tonne during Wednesday’s midmorning trade.

Analysts say they were expecting such a dip following Tuesday’s rally when the red metal touched one-week highs and rose above $7,000 a tonne based on bullish Chinese import data.

In fact, SHFE copper, the most-traded copper contract on the Shanghai Futures Exchange, closed down 1.28 per cent at 54,590 yuan ($8,220.27) per tonne.

The overall drop is also attributable to investors getting calmer once China’s National Communist Party Congress concluded with the announcement that President Xi Jinping will remain in power and few immediate changes should take place in the realm of economic policy.

Dragging on prices were also data from Chilean mining association Sonami. According to the organization, the 2018 copper output from the South American country will rise 7 per cent year-over-year.

Valentina Ruiz Leotaud

 

 



Шинээр

Apple in talks to buy cobalt directly from miners
[Нийтэлсэн: 22.02.2018 ]
[Эх сурвалж: ]
Australian coal exports valued at AUS$56.5 billion in 2017
[Нийтэлсэн: 19.02.2018 ]
[Эх сурвалж: ]
Armed Forces celebrate graduation of officers from Mongolia
[Нийтэлсэн: 19.02.2018 ]
[Эх сурвалж: ]
Mongolia’s Oyu Tolgoi declares force majeure after border protests
[Нийтэлсэн: 19.01.2018 ]
[Эх сурвалж: ]
Copper falls most in six weeks as metals rally starts to give
[Нийтэлсэн: 17.01.2018 ]
[Эх сурвалж: ]
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
[Нийтэлсэн: 17.01.2018 ]
[Эх сурвалж: ]
A Rutgers professor won one of Mongolia’s highest awards
[Нийтэлсэн: 05.01.2018 ]
[Эх сурвалж: ]
Mongolia delays launch of $500-million airport until 2019
[Нийтэлсэн: 05.01.2018 ]
[Эх сурвалж: ]

Get Flash to see this player.