Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
SMM Morning Review - 2010/2/8 Copper Market
Feb 8, 2010 10:33SHANGHAI, Feb. 8 (SMM) --The US reported mixed non-farm employment data, leaving no clear market direction. In January, the US non-agricultural employment dropped 20,000, and the jobless rate surprisingly fell to 9.7%. Analysts previously expected payrolls to grow 5,000 and the unemployment rate to edge up to 10.1%. The US dollar remained strong following economic concerns in the euro zone, depressing copper prices as a result. LME copper prices fell as low as USD 6,235/mt, with prices finally closing at USD 6,375/mt, with price declines up to 16% since January 26th.
SMM believes copper market will unlikely plunge further in the future, and prices will gradually stabilize.
To contact the writer on this report: iriszhu@smm.cn
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn
copper Cu
copper price
LME market
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep16
SMM Indonesia Seminar: Li-ion Battery & Energy Storage
Sep 16 - 16,2025Jakarta, Indonesia
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
