Copper Rebound Continues as Market Eyes China Arbitrage

-- Copper extended its rebound from the lowest close in five months as orders to withdraw the metal from London Metal Exchange warehouses suggested China’s demand slump may have bottomed out.NYC Subway Riders See ‘Exceptionally High’ Air Pollution

Since then, an arbitrage window to import refined copper to China has reopened, causing premiums for the metal there to rise, while orders to withdraw units from the LME have started increasing. LME data Monday showed on-warrant stocks dropped by 7,375 tons. Copper may rebound toward $9,100 a ton as concerns over the possibility of a global recession ease, Jinrui Futures Co. said in a note. Investors are waiting for clearer guidance from the macro economy and more inventory drawdowns, it added.Gen Zers are investing their way out of the 9-to-5NEW YORK — Aaron Rodgers says in a soon-to-be published book that he should have handled discussing his COVID-19 immunization status differently.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Copper rebound continues as market eyes China arbitrageCopper extended its rebound from the lowest close in five months as orders to withdraw the metal from London Metal Exchange warehouses suggested China’s demand slump may have bottomed out.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Market rotation, interest rates, copper crash: Market TrendsMarkets (^DJI,^GSPC, ^IXIC) pulled back in Friday trading, burdened by declines in chip stocks and investor rotations out of Big Tech into small-cap stocks, ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Market rebound wavers in volatile week on Wall StreetStocks rose on Wednesday as investors looked to build on Tuesday's trading session that snapped a 3-day losing streak.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »