Copper prices jump the most in three weeks

Positive employment report take prices higher Copper prices jumped by the most in three weeks at Comex on Friday, 03 August 2012 after data showing U.S. employers hired more workers than expected last month deflated the dollar and boosted prices of the red metal. But an increase in the jobless rate to 8.3% reminded investors of the still-fragile state of the world's largest economy and kept prospects of further monetary stimulus from the Federal Reserve on the table. At London Metal Exchange (LME), three-month copper rose $115, or 1.6% to end at $7,445 a tonne on Friday.

Big drop for red metal on Friday

Prices dragged down by concerns about slowing economic growth in China Comex copper ended lower on Friday, 08 June 2012. London copper hit a six-month low on Friday, dragged down by concerns about slowing economic growth in top consumer China and the lack of imminent measures to boost the U.S. economy. Three-month copper on the LME fell to as low as $7,264.25 a tonne. It ended lower by 2.8% at $7,284 a tonne on Friday. At Comex, July copper dropped nearly 9 cents, or 2.5%, to close at $3.29 a pound. Prices ended 0.6% lower than the week-ago closing level.

Red metal drops to its lowest level in more than a week

Tight supplies of the metal outside China keep losses in check Copper prices ended lower at LME and Comex on Friday, 04 May 2012. Copper fell to its lowest level in more than a week on Friday after weaker-than-expected US jobs data increased uncertainty about economic growth, but tight supplies of the metal outside China kept losses in check. Copper for May delivery ended lower by 2 cents (0.4%) at $3.72 a pound at Comex on Friday. Copper ended the week 2.7% lower. Red metal prices for three-month-delivery at LME ended lower by $54 (0.7%) to $8,175 a metric ton on Friday.

Copper ends marginally lower

Surge in stockpiles and latest FOMC minutes keep prices low

Copper prices ended lower on Tuesday, 03 April 2012 at Comex. Copper edged lower in thin conditions on Tuesday, backing away from a near two-month high as another large build in warehouse stockpiles withdrew some of the bullish momentum from Monday's upbeat U.S. and Chinese manufacturing data. It was the first down day for copper in the last three trading sessions.

Copper for May delivery ended lower by 0.2 cents (0.1%) at $3.92 a pound at Comex on Tuesday. It fluctuated between $3.89 and $3.94 throughout the day. First quarterly gains for copper reached 11%. Monthly, however, copper declined 1.3% in March.

Red metal gains 11% during first quarter

Copper declines 1.3% on a monthly basis Copper prices at Comex rose on Friday, 30 March 2012 capping its biggest quarterly gain since late 2010, as the dollar weakened and a bullish trend in warehouse stockpiles boosted prices even as investors remained worried about the Chinese demand outlook. May copper futures at Comex gained 3 cents, or 0.8%, to $3.83 per pound on Friday. Quarterly gains for copper reached 11%, after 2011 losses of 23%. Monthly, however, copper declined 1.3%. At London Metal Exchange (LME), benchmark copper closed up $95 (1.1%) at $8,445 a tonne.

Fed Chairman's comments push up red metal prices

Weak dollar also aids in prices moving up Copper prices ended higher on Monday, 26 March 2012 at Comex. Copper started the new week on solid footing on Monday, rallying by its most in more than two weeks as the dollar weakened after remarks from Federal Reserve Chairman Ben Bernanke reaffirmed the U.S. central bank's accommodative monetary stance. His comments helped to ignite a risk-on rally across the broader market, sending industrial metals, and U.S. equities all higher on the hopes for further monetary easing from the Fed. Copper for May delivery ended higher by 8 cents (2.1%) at $3.89 a pound at Comex on Monday. It fluctuated between $3.7950 and $3.8940 throughout the day. For February 2012, copper had gained 2.2%. Red metal prices for three-month-delivery at LME rose $153 (1.8) to $8,533 a metric ton on Monday. Copper has gained about 10% this year, spurred by improved U.S economic data, ultra-loose monetary policy in the western world and moves to stem Europe's debt crisis.

Red metal tarnishes

Prices gain 0.5% on a weekly basis

Copper prices slipped on Friday, 16 March 2012 at Comex backing off the highest level in more than two weeks after mixed economic data in the United States and a third consecutive weekly build in Shanghai inventories eroded early bullish sentiment. Investors also kept weighing an improving global economy against more signs of sluggish demand in China, which accounts for nearly 40% of copper consumption.

London Metal Exchange (LME) three-months copper fell $55 to end at $8,510 a tonne, reversing from an earlier session peak at $8,690.

Red metal ends near its session high

Tighter supply outlook, labor related problems and weak dollar push up prices

Copper prices ended higher on Thursday, 15 March 2012 at Comex. Copper ended up near its session highs on Thursday, bolstered by an increasingly tighter supply outlook after warehouse stocks fell further and labor-related problems forced one of the world's top miners to lower its first-quarter sales outlook. Prices also ended higher due to a weak dollar.

Copper for May delivery ended higher by 5 cents (1.4%) at $3.9 a pound at Comex on Thursday. Last week, prices shed about 1%. For February 2012, copper had gained 2.2%.

Big drop for red metal

Copper loses 4% on a weekly basis

Copper prices at Comex sustained its biggest weekly loss in nine weeks on Friday, 17 February 2012 as slack physical demand from China and nervousness in front of a long-awaited bailout deal for Greece weighed on the market.

In New York, the key March Comex contract dropped 8.30 cents, or 2.2%, to settle at $3.7080 per lb, near the bottom of its $3.6935 to $3.8320 session range. Copper lost 4% this week, down for two straight weeks.

Base metals end strongly higher

Gains get capped by a strong dollar

Copper prices ended higher on Friday, 03 February 2012 at Comex. Copper prices rose to a one-week high on Friday after strong labour market and services sector data from the US reinforced confidence about the pace of recovery in the economy. Gains were capped by a strong dollar.

Copper for March delivery ended higher by 12 cents (3.2%) at $3.9 a pound at Comex on Friday. Prices closed 0.5% higher for the week.

Red metal prices for three-month-delivery at LME rose $225 (2.7%) to $8,570 a metric ton on Friday. Prices rose 10% for the month of January.

Copper ends marginally lower

Prices register healthy weekly gains

Copper prices ended lower on Friday, 13 January 2012 at Comex. Copper prices fell on Friday as speculation ratings agency Standard & Poor's could downgrade a number of euro zone countries prompted a pull back in assets perceived as risky. A strong dollar also hammered prices.

Copper for March delivery ended lower by 1 cent (0.3%) at $3.64 a pound at Comex on Friday. Prices rallied 5.8% for the week. For the year 2011, copper shed 23% following a 30% increase in 2010 and a 140% jump in 2009, boosted by surging demand from China's manufacturers. China accounts for 40% of the world's refined copper consumption.

Copper ends marginally higher

Copper stays steady for second consecutive day

Copper prices ended marginally higher on Friday, 06 January 2012 at Comex. Prices remained steady as a strong dollar and positive economic data at Wall Street negated each others' effects once again for the second straight day.

Copper for March delivery ended higher by 1 cent (0.3%) at $3.44 a pound at Comex on Friday. Prices lost 0.2% on a weekly basis. For the year 2011, copper shed 23% following a 30% increase in 2010 and a 140% jump in 2009, boosted by surging demand from China's manufacturers. China accounts for 40% of the world's refined copper consumption.

Strong day for red metal

Hopes of higher demand and weak dollar pull up prices

Copper prices ended considerably higher on Tuesday, 03 January 2012 at Comex. A weak dollar and better than expected economic data at Wall Street pulled up metal prices.

Copper for March delivery ended higher by 9 cents (2.7%) at $3.53 a pound at Comex on Tuesday. For the year 2011, copper shed 23% following a 30% increase in 2010 and a 140% jump in 2009, boosted by surging demand from China's manufacturers. China accounts for 40% of the world's refined copper consumption.

Red metal strengthens on Friday

Prices falter on a weekly basis

Red metal prices ended higher on Friday, 16 December 2011 at Comex. Copper rose on Friday, due to a retreating dollar and firm U.S. economic data, but gains look vulnerable going into next week with Europe's debt crisis and its impact on metals demand still causing concern. A steadier tone in wider markets, and a halt in the slide of the euro against the dollar was lending metals some support on Friday. A softer dollar makes commodities less expensive for holders of other currencies.

Copper weakens as Euro zone's troubles continue to linger

Discouraging data from China further pressure prices which drop to two week low

Red metal prices ended substantially lower on Monday, 12 December 2011 at Comex. Copper hit a near two-week low on Monday, pressured by worries about weaker demand for industrial metals as Europe's move towards greater economic integration failed to calm fears of a deepening debt crisis and a potential regional recession.

Copper for March delivery ended lower by 9 cents (2.6%) at $3.46 a pound at Comex on Monday. Last week, copper lost 0.6%. Copper ended the month of November lower by 1.9%.

Copper witnesses largest one day drop in three weeks

Sovereign debt problems in Europe and US hammer red metal prices

Red metal prices at Comex witnessed the largest one day drop in three weeks on Monday, 21 November 2011. Prices dropped to a month low on mounting fears that heavy debt loads in Europe and the United States will hinder global economic growth, and with it, demand for industrial metals.

Copper for December delivery ended lower by 10 cents (2.9%) at $3.3 a pound at Comex on Monday. Last week, copper shed 1.7%.

Copper gains on the last day of the week

But prices falter on a weekly basis

Red metal prices at Comex ended modestly higher on Friday, 18 November 2011. Prices rose as some investors viewed supportive moves in currency markets as an opportunity to buy after the previous day's slide to one-week lows.

Copper for December delivery ended higher by 2 cent (0.6%) at $3.4 a pound at Comex on Friday. For the week, copper shed 1.7%.

Copper heads up

Base metal prices take a big leap on latest developments for Europe

Red metal prices at Comex ended substantially higher on Thursday, 27 October 2011. Copper prices rose, heading for a record weekly rally, after European leaders agreed to expand a bailout fund to ease the region's sovereign-debt crisis. Better than expected economic data and weak dollar also helped prices go up considerably higher.

Copper witnesses a strong day

Copper once again remains the biggest gainers in the broader metals complex on Monday

Red metal prices at Comex once again ended substantially higher on Monday, 24 October 2011. Red metal prices advanced, helping to extend the biggest rally in industrial metals in two years, as European leaders' plans to aid banks and preliminary China data boosted optimism about the outlook for economic growth.

Strong day for base metals

Copper remains the biggest gainers in the broader metals complex on Friday

Red metal prices at Comex ended substantially higher on Friday, 21 October 2011. Copper was among the biggest gainers in the broader metals complex on Friday but registered substantial weekly losses. Traders retuned back to commodities on Friday on thoughts that recent selling in commodities was overdone. The weak dollar helped prices go up. Investors cautiously welcomed a statement from France and Germany promising to provide firm details of a debt-rescue plan for the euro zone in the next few days.