World metal market on 10/1/2019: Copper maintains stable

02/04/2019

Copper prices in London on January 10, 2019 changed slightly, due to optimism about the latest trade talks in Beijing between the US and China.

Three-month copper prices on the London exchange remained unchanged at $ 5,956 / ton, after rising 0.9% in the previous session. The price of copper in March 2019 on the Shanghai floor decreased by 0.1% to 47,500 CNY (6,974.01 USD) / ton.

China's Ministry of Commerce said that trade negotiations with the US in this week were extensive and detailed, establishing a platform to solve the differences between the two largest economies in the world.

China's Ministry of Commerce said that trade negotiations with the US this week were extensive and detailed, establishing a platform to address the differences between the two largest economies in the world.

Copper exports from the Grasberg mine in Indonesia, the second largest copper mine in the world, is expected to fall this year, due to changing from outdoor mining to underground mining.

The base metals price had opposite movements , with London nickel prices falling by 0.1% and zinc by 0.4%, but LME aluminum prices rose 0.1% and tin surpassed $ 20,000 / ton - times. first - more 6 months, there was an increase of 0.2% during the session to USD 20,100 / ton, the highest since June 26, 2018, due to concerns about tight supply.

                    Giấy phép kinh doanh số : 0304920055 cấp ngày : 05/04/2007 bởi Sở Kế Hoạch và Đầu Tư TP.Hồ Chí Minh

                    Người đại diện : ông Phạm Đình Chung