#copper prices

[capitalstreetfx1]

BoE Holds 3.75% 7-2, ECB Hike Takes Effect, EUR/USD ~1.1461, CAC 40 ~8,479.8, Copper $6.40/lb, Ethereum ~$1,687, XRP ~$1.10 | Technical Anal

The Bank of England delivered its June decision on Thursday 18 June: a 7-2 vote to hold Bank Rate at 3.75%, with two MPC members dissenting

Global markets remain focused on central bank policy as the Bank of England and European Central Bank maintain a cautious stance amid slowing inflation and mixed economic data. EUR/USD trades near key technical levels as investors assess interest-rate expectations on both sides of the Atlantic. European equities, including the CAC 40, continue to reflect shifting growth prospects, while copper prices remain supported by supply concerns and expectations of stronger industrial demand. In the crypto market, Ethereum and XRP are consolidating after recent volatility, with traders monitoring institutional flows, regulatory developments, and broader risk sentiment for clues on the next major market move.

Read the full analysis on: Capital Street FX - Forex and CFD Market Analysis

[finovohub]

PSU banks and capex stocks leading market gains: Dipan Mehta

https://img.etimg.com/thumb/msid-128495116,width-1200,height-630,imgsize-23128,overlay-etmarkets/articleshow.jpg Indian markets are witnessing notable developments across banking, capital goods, and infrastructure segments, according to Dipan Mehta, Director, Elixir Equities. PSU Banks Gain Ground“Plenty happening within Indian markets. PSU banks are doing very well for themselves. In fact, the…

PSU banks and capex stocks leading market gains: Dipan Mehta

[finovohub]

Copper climbs to record high above $13,000 after strike at Chilean mine

https://img.etimg.com/thumb/msid-126364840,width-1200,height-630,imgsize-134208,overlay-etmarkets/articleshow.jpg Copper prices crossed $13,000 a ton for the first ‍time on Monday as concerns about supplies intensified following a strike at a Chilean mine, ⁠forecasts for deficits and low stocks in London Metal Exchange-approved warehouses. Benchmark copper on the London Metal Exchange had gained…

Copper climbs to record high above $13,000 after strike at Chilean mine

[finovohub]

Copper prices slumps 6% intraday after longest winning streak in 8-years. A correction or buying opportunity?

https://img.etimg.com/thumb/msid-126268117,width-1200,height-630,imgsize-305840,overlay-etmarkets/articleshow.jpg Copper prices witnessed a sharp retracement on Wednesday after a strong rally in recent weeks. On the Multi Commodity Exchange (MCX), copper futures for January 30, 2026 expiry were trading at Rs 1,298.95, down Rs 38.40 or 2.87% intraday. Earlier in the day, prices fell to a low of…

Copper prices slumps 6% intraday after longest winning streak in 8-years. A correction or buying opportunity?

[finovohub]

Metals on fire: What's driving the unstoppable rally in copper, aluminium, and zinc

https://img.etimg.com/thumb/msid-124824211,width-1200,height-630,imgsize-105588,overlay-etmarkets/articleshow.jpg Base metal prices have witnessed a remarkable rally over the past few weeks, with copper, aluminium, and zinc leading the charge across major global exchanges. Copper prices have surged past the psychological $10,000 mark on the London Metal Exchange (LME), while on India’s MCX…

Metals on fire: What's driving the unstoppable rally in copper, aluminium, and zinc

[cost-masters]

Copper's Downward Spiral: Will China's Economic Troubles Continue?

Copper prices have experienced a significant drop, reaching their lowest levels in more than two weeks. The decline is primarily attributed to weak economic data from China, particularly in the manufacturing and property sectors. This has raised concerns about reduced demand for the red metal.

MCX Copper prices have fallen by 0.2% to ₹783.80 per kg, hitting a low of ₹780.90 during the session. Similarly, three-month copper on the London Metal Exchange (LME) has dropped by 2%, reaching its weakest point since August 15. US Comex copper futures have also declined by 2.9%.

The weakening Chinese economy, coupled with the strengthening US dollar and increased copper inventories, has created a downward pressure on copper prices. The red metal is currently trading below its 200-day moving average, indicating further downside risk.

Goldman Sachs has recently cut its 2025 copper price forecast, citing concerns about China's economic challenges. However, analysts remain optimistic about the potential for a rebound in copper prices.

Stimulus measures from China and interest rate cuts by the US Federal Reserve could provide some support to the copper market. Additionally, the seasonal factors of September, October, and November are generally favorable for copper prices.

Despite the current downturn, copper prices are expected to find support at certain levels. Analysts predict that LME copper prices may find support at $8,700, while resistance is placed at $9,300. For MCX copper, support levels are estimated near ₹768-770, with potential upside to ₹828-830 if prices break above ₹812.

[shreemetalprices12]

(ShreeMetalPrices) The price of copper yesterday remained unchanged at 780.50 as the month of March factory development in China slowed. The

The price of copper today remained unchanged at 780.50 as the month of March factory development in China slowed. The figures exceeded forecasts, but they also brought to light concerns regarding the durability of China’s post-COVID production recovery.

[shreemetalprices]

(ShreeMetalPrices) As China open its borders copper price increase by 3% on month, reaching $4.03 a pound or $8,866 per metric ton.