Copper futures trading on New York's Comex market declined Thursday after signs emerged that the upper consumer market, China, would be fully stocked with concentrate in the fourth quarter.
Copper for December delivery fell 1% to 2.92 pounds ($ 6,437 a tonne) in early afternoon trading. Earlier this month, copper hit a three-year high of $ 3.18 a pound (over $ 7,000 a tonne).
But frustration with China's imports, rising stocks in LME warehouses, and fewer mine failures caused the rally to screech.
More bad news hit the market today. In a sign that the supply of primary copper is far from tight, Chinese smelters have simply increased their processing costs by as much as 10%. Per tonne and raised the refining duty to 9.5 cents per pound.
In general, supply and demand are considered balanced.
+38 (097) 475-20-95
|
|
|
Subscribe to news 
Metallurgy news
- 15 September 2025
22:00 In July 2025, it is exported by 0.7 percent by 0.7 percent. 20:00 IEA prevents hydrogen projects with a low level of emissions lagging behind targets in 2030. 20:00 The sale of AHMSA in Mexico is moving forward with an estimated $1.33 billion in asset auctions 18:00 Germany calls on the EU postponing a phased rejection of free quotas for carbon emissions for heavy industry 18:00 India's proposed 30 percent export tax on low-grade iron ore pits miners against steel mills 17:00 Tenaris will put pipes for the BúZIOS 11 project in Brazil 17:00 Metinvest of Ukraine reported a net loss for the first half of 2025 16:00 Registration of new cars in South Korea increased by 13.3 percent in January-August 2025
Publications
15.09 Operational solution to problems with car keys 15.09 Concrete circles "PD Key": Shcho come in the list of installation 14.09 Fіtings that gangs on the website SPRENERGO 14.09 Tytyunu Kurinnya tubes: Separate vibor 14.09 DIY brick construction and masonry
