Tag
Copper
6 articles
Freeport-McMoRan Hits $74.52 on Q2 Beat, Copper Deficit Set to Drive Upside
FCX surged 4.1 percent Aug. 21 after beating Q2 revenue and earnings estimates, with management guiding to 32 percent copper production growth by 2028 as global supply tightens.
Copper's LME Spread Hits Widest Since 2021 as Physical Supply Tightens
The August-to-September spread on the London Metal Exchange reached $370 per ton Friday, the widest one-month gap in five years, as physical copper availability tightens sharply.
BHP Names Copper Its Growth Engine as Demand Set to Rise 47 Percent by 2050
BHP projects global copper demand growing from 34 million tonnes per year today to more than 50 million tonnes by 2050, with data centers alone adding roughly 3 million tonnes.
LME Copper Spread Hits Highest Level Since 2021 Squeeze
The Tom/next spread briefly reached $100 a ton Wednesday as long holders sitting on 130,000 tons of Jan. contracts pushed spot prices sharply above deferred futures.
Copper Holds Six-Month High as Fed Hike Odds Hit 44% Before Wednesday CPI
Copper steadied after six weeks of gains while traders weighed tightening supply, a 44 percent Fed hike probability and geopolitical risk in Middle East shipping lanes.
Steel & Copper Tariffs Tighten: U.S. Producers Eye Profit Boost
The Trump administration's strategic realignment of steel, aluminum, and copper tariffs signals a significant cost increase for many imports, directly benefiting U.S. materials companies and reshaping industrial supply chains.