The price of copper has jumped over the last couple of weeks as the global economy gets back to work and stocks falling proves that this is demand led and not just speculators, although whether copper can sustain this price level remains to be seen. Copper has not been over £5 / kg since 2018...
Copper eased up to £ 4.35 / kg and stocks eased down to 254 kT, both back to where they were before the global pandemic. Demand from China appears to be high but is that sustainable with global markets heading into recession ? How much of a risk is there of a 2nd wave of...
News of a possible break through in the development of a Covid19 vaccine and stronger than expected demand from China has boosted the price of copper back to where it was in February and boosted the share price of the mining companies. The jump in copper stocks reflects continuing worldwide suppressed demand and the delay...
Stocks down a bit, price up a bit, nothing of note. Producers have matched supply to demand and kept prices stable. Will producers shutter production if the world economy enters a major recession ? With Western Europe going back to work and USA talking about going back to work how big will the recession be...
Nobody panic. This is just a a temporary blip. The Global economy will bounce right back as soon as lock downs are lifted …….. That’s my conclusion from the steady price, although I am surprised that stocks are not rising faster. That may be due to China buying copper as it comes out of lock...
We recently purchased an industrial unit at 76 Forth Street, Liverpool L20 8JW. This unit is double the size of our existing units which provides us space for expansion and optimised work flow to reduce our lead times, The unit is being refurbished and modified to suit our requirements. We expect to move during July...
Price of copper has jumped from £ 4.54 /kg to £ 4.90 / kg in a month as stocks fell from 145 kT to 130 kT. This shows the demand is currently outpacing supply and I expect the global price of copper to continue climbing until supply increases.
Trustpilot review
Copper has increased in value by 5% this month, while stocks remain at their lowest since my records began in 2008. Even a small increase in demand while stocks are so low will impact prices.
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