Copper has a lot of industrial uses ... Brokers will buy at lower than the spot price, so that they have a price and will sell at higher than the spot price on the other end.
During the concentrated negotiations for domestic and international long-term contracts for copper cathode and copper concentrates, spot premiums in South China surged sharply since last week, far ...
Benchmark copper on the London Metal Exchange (LME) was down 0.4% at $9,108.50 a tonne. The metal used in power and construction hit a record high of $10,474.50 in May. Prices fell 8.6% last week.
Carlos De Alba has given his Sell rating due to a combination of factors including Southern Copper’s lower-than-expected financial performance in the third quarter of 2024. The company’s ...