Research on the Supply Chain of Aluminum Anti-collision Beams for Automobiles

Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles

Aluminum Wire Supplier Screening 

Cost Analysis of AL Extrusion for Target Units

Cost Analysis Of AL Extrusion For Target Units

Research on the Sustainable Development Layout of key Players(Foil, Roll, Plate)

Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)

Optimization of Purchasing Cost for Casting Alloys

Optimization Of Purchasing Cost For Casting Alloys

Home

Metal News

Copper Rises for First Day in Three on Dollar Drop, Equity Gain

Li-ion Battery Americas 2024

2024 SMM (19th) Aluminium Conference & the First Aluminium Industry Expo

CLNB 2024 9TH CHINA NEW ENERGY EXPO

Indonesia Nickel & Cobalt & EV Industry Conference 2024

ASEAN Tin Industry Conference 2024

ASEAN Coal Industry Conference 2024

ASEAN Aluminium Industry Conference 2024

2024 ASEAN Automotive Supply Chain

2024 Global Renewable Metal Industry Chain Summit

2nd Li-ion Battery Europe 2024

[Pb] CBI Survey - Operating Rates at Primary Lead Smelters

SINGAPORE, June 10 -- Copper advanced for the first time in three days as equities gained and a weakening dollar renewed concern that inflation may accelerate.
&nbsp;&nbsp;&nbsp; The metal used in plumbing and electrical wiring rallied as the Dollar Index, a measure of the greenback against six major currencies, fell for the first day in three, sliding 0.5 percent to 80.542. The MSCI World Index of equities advanced 0.5 percent, gaining for the first time in three days.
&nbsp;&nbsp;&nbsp; &quot;Copper remains highly correlated with the dollar and equities,&quot; Zhao Kai, an analyst at Jinrui Futures Co., wrote in an e-mailed report today.
&nbsp;&nbsp;&nbsp; Three-month delivery copper on the London Metal Exchange gained 1.4 percent to $5,049.50 a metric ton at 3:23 p.m. Singapore time. September-delivery copper on the Shanghai Futures Exchange rose as much as 2.1 percent to 41,340 yuan ($6,049) a ton before closing up 1.2 percent at 40,980 yuan. July-delivery copper on the Comex division of the New York Mercantile Exchange gained 1.1 percent to $2.2780 a pound.
&nbsp;&nbsp;&nbsp; A report later this week probably will show China's spending on roads, power grids and property accelerated for a fourth month in May as the government stepped up spending to revive the world's third-largest economy.
&nbsp;&nbsp;&nbsp; Urban fixed-asset investment likely grew 31 percent in the five months through May from a year ago, according to the median estimate of 16 economists surveyed by Bloomberg News.
&nbsp;&nbsp;&nbsp; China is the world's largest copper consumer.
&nbsp;&nbsp;&nbsp; China Aluminum 
&nbsp;&nbsp;&nbsp; Aluminum extended gains from yesterday's six-month closing high in London, adding 0.3 percent to $1,625.25 a ton even as China, the world's largest producer, raised tax breaks on exports of foil in an effort to help companies weather a slump in overseas shipments and sustain growth.
&nbsp;&nbsp;&nbsp; &quot;The trend for London aluminum seems still up, despite China's rebate increase,&quot; Jinrui Futures analyst Fu Bin wrote in the report.
&nbsp;&nbsp;&nbsp; Among other LME-traded metals, lead increased 0.7 percent to $1,680 a ton and tin added 0.7 percent to $15,000 a ton. Zinc Jumped 1.9 percent to $1,575 a ton and nickel advanced 1.6 percent to $14,525 a ton at 3:35 p.m. in Singapore.
&nbsp;&nbsp;&nbsp; (Source: Bloomberg)
&nbsp;

[Cu] Summary - 2009/6/10 Scrap Copper Market

Copper Rises for First Day in Three on Dollar Drop, Equity Gain | Shanghai Non ferrous Metals

Copper Rises for First Day in Three on Dollar Drop, Equity Gain

SMM Events & Webinars

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit

2024 ASEAN Automotive Supply Chain