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Copper: the metal is having its best week

07/02/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Base metals rose on Friday. Copper in London is on the verge of its best week in over four months thanks to a weaker dollar and the easing of fears of a major trade war between the United States and China, the largest consumer of metals

.

Le cuivre à trois mois sur le London Metal Exchange (LME) a augment & de 1,2% 9 385 dollars la tonne m Eacute ;à trique at 05:12 GMT. The stock is expected to record its biggest weekly rise since September 2024, rising 3.8% so far. The most active copper contract on the Shanghai Futures Exchange gained 1.6% to 77,140 yuan ($10,586.85) per ton, its highest level

in three months.

Global miner Anglo American recorded a 6% drop in copper production last year, to 773,000 tons, and forecasts production of 690,000 to 750,000 tons in 2025 and 760,000 to 820,000 tons in 2026.

SHFE aluminum gained 1.9% to 20,625 yuan per ton, nickel rose 1.5% to 127,170 yuan, zinc strengthened 2.7% to 23,970 yuan, lead gained 2.7% to 23,970 yuan, lead gained 0.4% to 23,970 yuan, lead gained 0.4% to 17,155 yuan and tin rose 0.8% to 259,400 yuan. LME aluminum rose 1% to $2,646 per ton, zinc rose 1.5% to $2,859.5, tin added 0.7% to $31,210, lead rose 0.8% to $2,004.5, and nickel increased

é by 0.1% à $15,825.
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