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 Jumps to 10-Month High as Manufacturing Buoys Outlook

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

[Minor metal] Domestic Selenium Prices Remain Firm

LONDON, Aug. 4 -- Copper prices soared to the highest in 10 months as gains in U.S. and Chinese manufacturing signaled rising demand for industrial materials.
&nbsp;&nbsp;&nbsp; Chinese manufacturing expanded last month at its fastest pace in a year and U.S. factory activity reached an 11-month high, reports showed today. Copper has surged 94 percent this year on speculation that a global economic recovery will boost demand for the metal used in pipes and wires.
&nbsp;&nbsp;&nbsp; &quot;The No. 1 factor today was the positive economic data,&quot; said Joel Crane, a Deutsche Bank AG commodities analyst in New York. &quot;It adds more fuel to the fire of the market really believing in the economic recovery.&quot;
&nbsp;&nbsp;&nbsp; Copper futures for September delivery jumped 11.5 cents, or 4.4 percent, to $2.7385 a pound on the Comex division of the New York Mercantile Exchange. After the close of floor trading, the price reached $2.769, the highest for a most-active contract since Oct. 2.
&nbsp;&nbsp;&nbsp; A decline in the dollar also boosted commodity prices, Crane said. The greenback fell to the lowest since late September against a basket of six major currencies.
&nbsp;&nbsp;&nbsp; &quot;The economic optimism, coupled with the massive move in the dollar, created the right recipe for commodities today,&quot; Crane said.
&nbsp;&nbsp;&nbsp; The Reuters/Jefferies CRB Index of 19 raw materials jumped as much as 3.8 percent to the highest since Nov. 6.
&nbsp;&nbsp;&nbsp; Copper for delivery in three months surged $281, or 4.9 percent, to $6,000 a metric ton ($2.72 a pound) on the London Metal Exchange. Earlier, the price reached $6,040.50, the highest since Oct. 2.
&nbsp;&nbsp;&nbsp; Surpassing $6,000 gives copper &quot;the ability to see a move through to $6,400,&quot; Michael Jansen, an analyst at JPMorgan Securities Ltd. in London, said in a report. The gain, following July's 15 percent advance, may bring &quot;forward consumer restocking,&quot; Jansen said.
&nbsp;&nbsp;&nbsp; Nickel, zinc, aluminum, lead and tin also rose in London.
&nbsp;&nbsp;&nbsp; (Source: Bloomberg)
&nbsp;

[Zn] SMM Morning Review - 2009/8/4 Zinc Market

copper-jumps-to-10-month-high-as-manufacturing-buoys-outlook

Copper Jumps to 10-Month High as Manufacturing Buoys Outlook | SMM

Copper Jumps to 10-Month High as Manufacturing Buoys Outlook

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025