copper price
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A series of weak economic growth data from China has dented demand for copper, which is often used as a measure of global economic health.
Copper prices fell on Tuesday over a dismal demand outlook driven by a stronger dollar and weak economic data from top metals consumer China.
Copper Price Today: सुबह के एशियाई सत्र में तांबे में गिरावट आई, लेकिन नुकसान सीमित हो सकता है। एएनजेड रिसर्च के विश्लेषकों ने एक शोध रिपोर्ट में कहा है कि एक मीडिया रिपोर्ट से तांबे में बढ़त पर अंकुश लगा है कि दुनिया के सबसे बड़े तांबा (Copper) उत्पादक कोडेल्को ने बारिश के कारण अपनी एंडिना तांबे की खदान को बंद करने के बाद उसमें परिचालन फिर से शुरू कर दिया है।
Copper Price Analysis, Copper Price, Copper Price Forecast: दुनिया भर के बाजारों ने अभी तक पूरी तरह से चीन को फिर से खोलने की समय सीमा तय नहीं की है और तांबे के निर्यातकों को दुनिया की दूसरी सबसे बड़ी अर्थव्यवस्था से लाभ होने की उम्मीद है।
Copper fell to its lowest price in 19 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities.
Copper price fell on Monday to the lowest in a month with mounting concern about the outlook for demand due both to spreading lockdowns in China and the continuing war in Ukraine.
The global refined copper market is expected to be in a significant surplus in 2022, following a small supply deficit in 2021.
Base Metals: Copper prices have dropped 0.35% this week however they will now be at 4 pyo per pound. Gold and silver had also risen from covid-lows to $9,700 metric tonne in New York. The bellwether has been fuelled by a widely-held belief that demand for it should be heavily supported by the economic post-pandemic boom but also by the worldwide push to decarbonise.
Copper prices are set to rule firm around $10,000 a tonne in the short-term as inventories have hit a record low following production cuts in the wake of power crunch in Europe and China despite a drop in manufacturing activities.