In the first quarter of 2024, Southern Copper produced 240,000 tons

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NewsFlash / Copper

May 10, 2024 11:58

Source:SMM

In the first quarter of 2024, Southern Copper produced 240,000 tons of copper, up 7.6% year on year and 2.6% sequentially. The increase in copper production was mainly due to the increase in production at Toquepala, Cuajone, IMMSA and La Caridad.

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The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on May 20, 2024

May 20, 2024 16:04

Analysis

Data: SHFE, DCE market movement (May 20)

SMM Morning Comment For SHFE Base Metals On May 20

LME copper prices opened at $10482.5/mt last Friday evening before reaching a low of $10470/mt and a high of $10720/mt, and closed at $10715/mt, a rise of 3.31%.

May 20, 2024 10:13

Industry

Copper prices rose on domestic macroeconomic support [SMM copper morning comment]

LME copper prices opened at $10482.5/mt last Friday evening before reaching a low of $10470/mt and a high of $10720/mt, and closed at $10715/mt, a rise of 3.31%. Trading volumes were 33,000 lots and open interest stood at 341,000 lots.

May 20, 2024 10:05

Industry

Copper inventories in the domestic bonded zones grew

Copper inventories in the domestic bonded zones grew 9,500 mt from May 9 to 90,700 mt as of Thursday May 16, according to the latest SMM survey.

May 17, 2024 18:41

Industry

Copper futures surged on lower-than-expected US economic data and COMEX copper short squeeze

US economic data released in the week ending May 17 performed worse than expected. The US dollar index closed lower for consecutive days in the week and fell to around the 104 mark.

May 17, 2024 18:41

Industry

Data: SHFE, DCE market movement (May 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on May 17, 2024

May 17, 2024 15:51

Analysis

Data: SHFE, DCE market movement (May 17)

SMM Morning Comment For SHFE Base Metals On May 17

LME copper prices opened at $10385/mt and closed at $10371.5/mt in last evening trading, a gain of 0.87%, with the low-end of $10310/mt and the high-end of $10445.5/mt.

May 17, 2024 10:04

Industry

SMM Copper Morning Comment: Copper prices continue to rise overnight, market remains concerned about CME short squeeze

LME copper prices opened at $10385/mt and closed at $10371.5/mt in last evening trading, a gain of 0.87%, with the low-end of $10310/mt and the high-end of $10445.5/mt. Trading volume was 34,000 lots, and open interest stood at 338,000 lots.

May 17, 2024 09:58

Industry

Data: SHFE, DCE market movement (May 16)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on May 16, 2024

May 16, 2024 15:57

Analysis

Data: SHFE, DCE market movement (May 16)

SMM Morning Comment For SHFE Base Metals On May 16

LME copper prices opened at $10321/mt and closed at $10282/mt in last evening trading, a gain of 2.05%, with the low-end of $10124/mt and the high-end of $10335/mt.

May 16, 2024 10:14

Industry

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SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit