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Raw material: copper bounces back

20/12/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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Copper prices rebounded on Friday after reaching a 5-week low in the last trading session.

Le cuivre à trois mois sur le London Metal Exchange (LME) a augment & de 0,4% 8 917 dollars la tonne m Eacute ;à trique at 04:23 GMT. On Thursday, copper fell to $8,869, its lowest level since November 14, under pressure from a stronger dollar. Data released on Thursday showed that fewer Americans than expected filed new unemployment benefits claims last week. The most traded January copper contract on the Shanghai Futures Exchange lost 0.2% to 73,830 yuan ($10,092.07) per ton at the end of the morning session

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LME aluminum gained 0.6% to $2,521 per ton, zinc rose 0.7% to $2,987, tin rose 0.8% to $28,620, nickel added 0.6% to $28,620, nickel added 0.6% to $15,205, and lead rose 0.1% to $1,974.SHFE aluminum rose 0.6% to $28,620, nickel added 0.6% to $15,205, and lead rose 0.1% to $1,974. 19,975 yuan per ton, tin fell & By 0.2% to 242,830 yuan, nickel fell by 0.7% to 122,720 yuan, zinc remained relatively unchanged at 25,195 yuan, and lead lost 0.1% to 17,400 yuan

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