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Raw material: copper is progressing

03/12/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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On Wednesday, copper rose and held steady close to a peak reached this week. Concerns about supplies support the general upward trend around the metal.

The most traded copper contract in Shanghai Futures Exchange reversed the initial losses of the session to close the Day session up 0.13% to 89,210 yuan (12,630.79 dollars) per ton metric, extending the gains to the eighth consecutive session.

Shanghai copper followed the copper trend reference to three months in London, which fell from its highest history due to a decrease in risk appetite and increases in profits.

But London copper has also erased losses on Tuesday to increase by 0.93% to 11,249 dollars per ton at 07:00 05 GMT.

All base metals were earned on Shanghai and London stock exchanges.

Among the other base metals of SHFE, aluminum increased by 0.39%, zinc by 0.22%, lead by 0.17%, nickel by 0.11 % and tin by 2.15%.

Among the other metals of LME, aluminum increased by 0.79%, zinc by 0.44%, lead by 0.58%, nickel 0.78% and tin 1.56%

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