Chinese smelters boost Copper output – Commerzbank
Source Fxstreet
LME Copper climbed to a two-week high yesterday after reopening from the long Easter weekend.
Trump's comments suggest room for de-escalation on the trade front
"Dollar weakness seen in recent days is providing some support. Meanwhile, comments from Trump suggesting a reduction in China tariffs leave room for de-escalation on the trade front. Copper smelters in China boosted output to a record high in March."
"This is despite record-low processing fees, partly driven by rising prices for by-products including gold and sulphuric acid. Production of refined Copper rose 8.6% in March from a year earlier to 1.25 million tonnes, according to China’s National Bureau of Statistics. In the first quarter, China’s total output of refined Copper was 3.54 million tonnes, up 5% from 2024."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
BNB price is rising from the $580 support zone. The price is now consolidating gains above $600 and might aim for more gains in the near term. BNB price is attempting to recover above the $615
Algorand (ALGO) and Bitcoin Cash (BCH) prices stabilize around $0.22 and $368, respectively, at the time of writing on Tuesday, following a rally of over 4% the previous day.
An analyst has suggested that Monero (XMR) could repeat its 2021 cycle-high amid its recent price jump. However, a renowned on-chain sleuth has linked the surge to suspicious Bitcoin (BTC)
Solana started a fresh increase from the $142 support zone. SOL price is now consolidating and might climb further above the $155 resistance zone. SOL price started a fresh increase above the $140
Top gainers Virtuals Protocol, Floki, Hyperliquid: Altcoins extend gains alongside BitcoinThe cryptocurrency market sustains a market-wide bullish outlook at the time of writing on Tuesday, led by Bitcoin (BTC) and select altcoins, including Virtuals Protocol (VIRTUAL), Floki, and Hyperliquid (HYPE).
The cryptocurrency market sustains a market-wide bullish outlook at the time of writing on Tuesday, led by Bitcoin (BTC) and select altcoins, including Virtuals Protocol (VIRTUAL), Floki, and Hyperliquid (HYPE).
Related Instrument
