China Lithium Market Dynamics & Lithium Procurement Study

China Lithium Market Dynamics and Lithium Procurement Study

Battery Recycling Technology Understanding

Solid State Battery Market

   China Scrap Steel Quality Analysis 

China Scrap Steel Cost Curve

Home

Metal News

Copper Rises in London as Report Shows Gain in U.S. Home Sales

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 Lithium & New Energy Field Trip

[Minor metal] Manganese Prices Firm, Spot Supply Tight

LONDON, July 24&nbsp;-- Copper rose in London, extending a rally to a nine-month high, as a report showed U.S. home sales increased in June for a third month, boosting the outlook for metals demand. Futures were little changed in New York.
&nbsp;&nbsp;&nbsp; Purchases of previously occupied homes climbed 3.6 percent to an annual rate of 4.89 million, the fastest since October, the National Association of Realtors said today. Sales topped the median forecast of 68 economists in a Bloomberg News survey. Copper prices jumped to a nine-month high yesterday partly on speculation that rebounding growth will boost raw-materials use.
&nbsp;&nbsp;&nbsp; &quot;There are definite signs that the global economy is at least bottoming and improving,&quot; said William O'Neill, a partner at Logic Advisors in Upper Saddle River, New Jersey. &quot;Base- metal prices will move higher.&quot;
&nbsp;&nbsp;&nbsp; Copper for delivery in three months rose $30, or 0.6 percent, to $5,530 a metric ton ($2.51 a pound) on the London Metal Exchange. Earlier, the price reached $5,565, the highest since Oct. 14.
&nbsp;&nbsp;&nbsp; Futures for September delivery slipped 0.15 cent to $2.524 a pound on the New York Mercantile Exchange's Comex division. Yesterday the metal reached $2.538 in New York, the highest since Oct. 8.
&nbsp;&nbsp;&nbsp; The metal earlier dropped as much as 1.5 percent in London and 2.1 percent in New York as stockpiles monitored by the LME touched a four-week high. Inventories rose 1.2 percent to 271,725 metric tons, the highest since June 24.
&nbsp;&nbsp;&nbsp; Copper is headed for a second straight weekly gain as mine disruptions boosted speculation that demand may exceed output. Xstrata Plc reported damage at the Collahuasi mine in Chile, and a union leader said yesterday that production would probably drop. Chile is the world's biggest copper producer.
&nbsp;&nbsp;&nbsp; Among other metals traded on the LME, aluminum, nickel, zinc, lead and tin all rose.
&nbsp;&nbsp;&nbsp; (Source: Bloomberg)
&nbsp;

[Zn] CBI Morning Review - 2009/7/24 Zinc Market

copper-rises-in-london-as-report-shows-gain-in-us-home-sales

Copper Rises in London as Report Shows Gain in U.S. Home Sales | SMM

Copper Rises in London as Report Shows Gain in U.S. Home Sales

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE