Benchmarking Analysis of the Development Direction of MHP and Nickel Matte

Benchmarking Analysis Of the Development  Direction Of MHP And Nickel Matte

Technical Due Diligence Survey of Nickel Product Unit

Technical Due Diligence Survey Of Nickel Product Unit

Long-term Price Forecast of Nickel Industry

Long-term Price Forecast Of Nickel Industry

Feasibility Study of Nickel Industry Investment

Feasibility Study Of Nickel Industry Investment

Indonesia Ni Industry Analysis 

Home

Metal News

Copper Surges to Record in N.Y. on Rising Demand, Tight Supply 

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE

3rd Li-ion Battery Europe 2025

2025 NET ZERO EUROPE - Solar & Energy Storage Summit

2025 SMM Europe & Africa Lithium Resources Field Trip

Copper Tops Record in New York on Currency Alternative, Demand 

Dec. 28 (Bloomberg) -- Copper futures rose to a record in New York for a second straight day on speculation that supply will remain tight as demand in China and India continues to grow.
Stockpiles monitored by the Shanghai Futures Exchange fell 5.8 percent last week, the biggest drop in almost three months.
Refined-copper imports by China surged 37 percent in November from a month earlier. Copper use will outpace supply by 825,000 metric tons next year, more than twice the inventories monitored by the London Metal Exchange, Barclays Capital said.
&quot;Fundamentals are very bullish,&rdquo; said Michael K. Smith, the president of T&amp;K Futures &amp; Options in Port St. Lucie, Florida. &quot;There is optimism out there. China and India are growing. The demand picture will remain robust.&rdquo;
Copper futures for delivery in March rose 4.8 cents, or 1.1 percent, to close at $4.328 a pound at 1:13 p.m. on the Comex in New York. Earlier, the metal reached $4.335, the highest ever.
Copper has surged 50 percent since July 1, partly on demand from emerging markets including China, the world&rsquo;s largest metals user.
As of Sept. 30, global consumption exceeded output by 436,000 tons this year, the International Copper Study Group said last week.
That compares with a deficit of 56,000 tons in the same period last year, the group said.
The world market is in &quot;a significant deficit owing to stronger-than-anticipated demand growth,&rdquo; the Lisbon-based ICSG said.
The London Metal Exchange is closed for a second day for public holidays. 
&nbsp;
&nbsp;
&nbsp;
&nbsp;

Copper Surges to Record in N.Y. on Rising Demand, Tight Supply

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025