SHFE Copper Prices Trade up with a Gain of 1.7% (Aug. 13, 2015)

Published: Aug 13, 2015 15:36

Save

SHFE 1510 copper opened with a positive gap at RMB 39,500/mt overnight.

SHANGHAI, Aug. 13 (SMM) – SHFE 1510 copper opened with a positive gap at RMB 39,500/mt overnight and then advanced to RMB 39,970/mt before closing at RMB 39,810/mt, jumping RMB 890/mt or 2.29%. Positions fell 10,188 and trading volumes totaled 250,000 lots.

SHFE copper drifted down immediately after the open of Thursday trading session and then found support at RMB 39,200/mt. Near the session’s end, the red metal grew and closed at RMB 39,580/mt, gaining RMB 660/mt or 1.7%. Trading volumes fell 199,000 lots and positions dropped 26,444.

SHFE copper prices Cu price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

26 mins ago

Nicola Mining Completes Treasure Mountain Mine Assessment, Aims for 2027 Restart

On September 9, Nicola Mining announced completion of an underground assessment of the Treasure Mountain silver-lead-zinc mine (~30 km NE of Hope, BC, Canada) by independent engineering firm McElhanney, advancing the 2027 resumption plan. Portals 1 and 2 remain accessible and intact; main workings, crosscuts, stoped-out areas and partial historical infrastructure are in place; natural ventilation is unobstructed; no impediments to further evaluation were identified, though localized support rehabilitation is required.

26 mins ago

Chengtun Mining to Acquire 65% Stake in Tibet Haiteng for RMB 709M, Boosting Silver-Lead-Zinc Resources

On September 3, Chengtun Mining announced that subsidiary Sichuan Shengfengyuan Mining will acquire a 65% stake in Tibet Haiteng Industrial from Liu Zongjun for RMB 709 million; the target will be consolidated upon closing. Tibet Haiteng holds exploration permits for the Baga-La (East) lead-zinc mine in Mozhugongka and Linzhou counties, Lhasa, Tibet, valid from July 28, 2026 to July 27, 2031, covering 42.0668 sq km. The target mine contains silver at large-deposit scale, lead and zinc at medium-deposit scale, with medium grades and favorable ore quality. The deal will increase the company's silver-lead-zinc resource base and optimize its mineral portfolio.

26 mins ago

3 hours ago

Vizsla Copper to Acquire Alaska’s Delta Zinc-Lead-Copper VMS Project; Agnico to Take 19.99% Stake

Vizsla Copper announced that it had agreed to acquire 100% of the Delta polymetallic VMS project and the Helm Bay gold project in Alaska from Agnico Eagle. The transaction is expected to close in the fourth quarter of 2026. Delta carries a historical resource estimate of 15.4 million tonnes grading 3.8% zinc, 1.7% lead, 0.6% copper, 62 g/t silver and 1.7 g/t gold; the estimate has not been verified as a current mineral resource. Vizsla will issue Agnico 22.52 million shares, representing approximately 19.99% of its issued shares at signing. Subject to disinterested shareholder approval, a further 2.90 million shares would lift Agnico’s ownership to about 22%. The consideration also includes 3.04 million two-year warrants exercisable at C$1.95 per share, plus 2% and 3% NSRs on Delta and Helm Bay, respectively. Agnico may invest up to C$5 million in Vizsla’s post-closing financing, provided the financing exceeds C$30 million.

3 hours ago