Saturday, May 31, 2025

Latest

Copper Retreats from May High as China’s Economic Boost Falls Short

Base metals markets are experiencing a significant downturn, with copper leading the decline amid concerns over demand in China, the world’s largest consumer of commodities. The LMEX Index, which tracks six base metals, saw a 5.6% drop in London last week, marking the most severe weekly slump in nearly two years.

Source: LME

Despite China’s recent efforts to bolster its economy through surprise interest rate cuts and plans to strengthen local government finances, copper prices continued to fall for the sixth consecutive day. The metal, often considered an economic indicator, has retreated from its record high in May due to weak Chinese demand and increasing global inventories.

June saw an unprecedented surge in China’s refined copper exports, more than doubling previous figures and surpassing the record set in 2012. This unusual export increase has contributed to rising global stockpiles. London Metal Exchange warehouses reported inventory levels more than twice as high as two months ago, reaching peaks not seen since the height of the pandemic.


Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Stone Gold: The Potential of the Batchewana Bay Copper Project

In March, 2021, Stone Gold Inc. (TSXV:STG) announced the strategic acquisitions of the East Breccia...

Sunday, November 21, 2021, 03:29:00 PM

Frank Holmes: The Rising Tide Of Commodities – The Daily Dive

For this weeks final episode of The Daily Dive, we’re joined by Frank Holmes, CEO...

Friday, January 29, 2021, 02:35:37 PM

Small-Cap IPOs That Are Pump-And-Dumps Are On The Rise, Thanks To Chinese Firms

The Financial Industry Regulatory Authority Inc. (FINRA) cautions that initial public offerings (IPOs) by international...

Saturday, November 19, 2022, 11:11:00 AM

Banks With Tanks: China Protects Central Bank Branch With Tanks After Declaring Depositors Can’t Withdraw Anymore

Protesting depositors who can’t withdraw their savings for months now have been met with military...

Saturday, July 23, 2022, 05:22:00 PM

First Cobalt: Rising Chinese Restrictions Could Be A Net Benefit To The Company

China’s recent movements to limit its companies’ abilities to export rare earth materials to the...

Sunday, January 31, 2021, 01:02:00 PM