Home

Metal News

Scraps & Secondary

Copper Advances in London as Global Manufacturing Expands: LME Preview

Copper May Rise as Chinese Manufacturing Speeds Up, Survey Shows 

December 2 (Bloomberg) --&nbsp; 
Copper rose in London after manufacturing expanded in China, the U.S. and Europe, adding to signs of a revival in demand.
-- Copper rose $123, or 1.4 percent, to $8,708 a metric ton at 7:47 a.m. on the London Metal Exchange. Relative Strength Index 60.1. 
-- Aluminum gained 1.6 percent to $2,377 a ton. RSI 56.3. 
-- Zinc jumped 3 percent to $2,224 a ton. RSI 48. 
-- Lead rose 2.2 percent to $2,319.50 a ton. RSI 48.5. 
-- Nickel gained 0.4 percent to $23,640 a ton. RSI 57.4. 
-- Tin rose 1.4 percent to $25,150 a ton. RSI 50.6.
Other markets:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Last&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; % Change&nbsp;&nbsp; % YTD 
U.S. Dollar Index&nbsp;&nbsp; 80.553&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -0.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.5 
Crude oil&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $86.96&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.6 
Gold&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1,393.65&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 
MSCI World Index&nbsp;&nbsp;&nbsp; 1,222.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.6
Economic Events: 
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forecast&nbsp;&nbsp;&nbsp;&nbsp; Prior&nbsp;&nbsp;&nbsp;&nbsp; Time 
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (London) 
Euro-zone GDP (QoQ)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.4%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.4%&nbsp;&nbsp;&nbsp;&nbsp; 10:00 
ECB announces interest rates&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%&nbsp;&nbsp;&nbsp;&nbsp; 12:45 
U.S. initial jobless claims&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 424K&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 407K&nbsp;&nbsp;&nbsp;&nbsp; 13:30 
U.S. pending home sales (MoM)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -1.0%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -1.8%&nbsp;&nbsp;&nbsp;&nbsp; 15:00 
 
&nbsp;

Copper Extends Advance as Global Manufacturing Boosts Confidence

Copper Advances in London as Global Manufacturing Expands: LME Preview_SMM | Shanghai Non ferrous Metals

Will steel scrap import exceed expectations in 2021 when the import of secondary steel raw materials is liberalised?

Macro Roundup (Jan 7)

Macro Roundup (Jan 8)

Producer Prices for the Industrial Sector for December 2020

Macro Roundup (Jan 11)