The combined pressure of a stronger dollar and profit-taking caused London copper to end a seven-day winning streak last week, closing down 0.56%. High copper prices are suppressing downstream demand, while market uncertainty surrounding upcoming holidays intensifies, making price trends difficult to predict. Spot copper is likely to decline today. With the strengthening of the
Australia’s mining industry is massive, with a long history and a profound impact on global markets. Approximately 1.2 million people are employed in this industry, with annual exports reaching AUD 160 billion. BHP and Rio Tinto are leaders in this field, focusing on the extraction and processing of minerals such as coal, iron ore, and
Today, LME aluminum prices trended downward, with the 3-month contract quoted at $2,526/ton at 15:01 Beijing time, down by $20/ton from the previous trading day’s settlement price, a decrease of 0.81%. The SHFE aluminum main 2410 contract opened at RMB 19,950/ton, reaching an intraday high of RMB 20,045/ton and a low of RMB 19,895/ton. It
The decline in U.S. bonds supported a rebound in copper prices, with LME copper closing up 0.94% last week. However, weak manufacturing data from China, cautious investor sentiment, high inventories, and weak consumption continue to limit price elasticity, suggesting that spot copper prices may decline today. The decline in both the U.S. dollar and U.S.
