financetom
World
financetom
/
World
/
METALS-Copper edges higher on weaker dollar, lower stocks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
METALS-Copper edges higher on weaker dollar, lower stocks
Sep 8, 2025 3:28 AM

(Adds analyst comment and dateline, updates prices)

By Polina Devitt

LONDON, Sept 8 (Reuters) - Copper prices inched up on

Monday, supported by a weaker dollar, outflows from the

warehouses registered with the London Metal Exchange and hopes

of a stronger import demand in China this month.

Benchmark copper on the LME added 0.1% to $9,902.50

a metric ton at 0947 GMT.

Import appetite in top consumer China also underpinned the

market, with the Yangshan copper premium up 1.8%

to $58 a ton, its three-month high.

China's yuan hit a one-week high against the U.S. currency,

making dollar-priced metals more attractive for the Chinese

buyers.

Chinese imports of unwrought copper in August fell from the

July to 425,000 tons but rose from a year ago, while imports of

copper concentrates climbed to 2.76 million tons, a four-month

high.

"Lower treatment charges failed to curtail China's appetite

for copper concentrate," analysts at ANZ said in a note.

"Favourable import parity and prospects of weaker domestic

production should keep refined copper imports strong in

September."

China's overall exports growth slowed to a six-month low in

August, while imports grew 1.3%, following 4.1% growth a month

earlier.

LME-registered copper stocks stood at 155,825

tons, with outflows of 2,125 tons across several locations and

fresh cancellations of 8,500 tons in South Korea, LME daily data

showed.

LME aluminium gained 0.7% to $2,618.50 a ton as

on-warrant aluminium inventories in the LME

storage fell to 442,425 tons, the lowest since late July, after

32,000 tons of fresh cancellations in Malaysia.

LME zinc gained 0.1% to $2,864, lead climbed

0.4% to $1,992.50, tin added 0.5% to $34,345 and nickel

rose 0.6% to $15,315.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Euro zone yields steady, markets cautious before economic data
Euro zone yields steady, markets cautious before economic data
Aug 19, 2024
(Updates at 1455 GMT) By Stefano Rebaudo Aug 19 (Reuters) - Euro zone government bond yields were steady on Monday as investors braced for a week packed with economic data and a meeting of central bankers at Jackson Hole. Investors will be looking at euro zone business activity figures and negotiated wage growth data due later in the week, which...
GLOBAL MARKETS-World shares extend gains, dollar undermined by dovish Fed wagers
GLOBAL MARKETS-World shares extend gains, dollar undermined by dovish Fed wagers
Aug 19, 2024
(Updates to U.S. market open) * U.S., global stocks tick up * Eyes on Fed minutes, Powell speech to support rate cuts * Oil prices dip * Gold loses hold on highs above $2,500 By Lawrence Delevingne and Nell Mackenzie Aug 19 (Reuters) - Wall Street extended gains as the dollar tipped lower on Monday off the back of last...
European Equities Traded in the US as American Depositary Receipts Open Week Strong Monday Trading
European Equities Traded in the US as American Depositary Receipts Open Week Strong Monday Trading
Aug 19, 2024
11:13 AM EDT, 08/19/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts kicked off the week on a positive note late Monday morning, rising 0.88% to 1,457.38 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biotech firms Evaxion Biotech ( EVAX ) and BioNTech (BNTX), which rose 6.3%...
Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading
Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading
Aug 19, 2024
10:46 AM EDT, 08/19/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts started the week moving higher Monday morning, rising 0.51% to 1,985.36 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by education company Four Season Education (FEDU) and computer hardware maker Canaan (CAN), which climbed 7.7% and 4.9%,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved