Australia markets closed

Copper Jul 21 (HG=F)

COMEX - COMEX Delayed price. Currency in USD
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4.1220-0.0560 (-1.34%)
As of 4:59PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2021-07-28
Open4.1725
Bid4.1210
Last price4.1780
Day's range4.1200 - 4.2185
Volume84,991
Ask4.1235
  • Goldman’s Currie Says Buy Commodities Dip, Bull Case Intact
    Bloomberg

    Goldman’s Currie Says Buy Commodities Dip, Bull Case Intact

    (Bloomberg) -- The latest steep selloff in commodities markets is a buying opportunity, according to Jeff Currie at Goldman Sachs Group Inc., one of the sector’s biggest bulls.The Bloomberg Commodity Spot Index slumped 3.6% Thursday for its biggest one-day drop in almost 14 months, with soybeans and platinum giving up their gains for the year. The complex has been hit by several bearish factors: the Federal Reserve’s signals on potential interest-rate increases, plus a stronger dollar, Chinese e

  • A Giant Copper Union Joins Push for Bigger State Role in Chile
    Bloomberg

    A Giant Copper Union Joins Push for Bigger State Role in Chile

    (Bloomberg) -- As the top copper-producing nation drafts a new constitution and heads toward presidential elections, an influential mining union is pushing for a bigger state role in mining and a much larger government take.The FTC, which brings together unions at Chile’s state-owned copper producer Codelco, wants privately-run mines to pay 75% of earnings in tax and ensure that Codelco takes the lead on all new major projects, President Patricio Elgueta said in an interview. FTC directors are p

  • Commodities Bulls Nurse Their Wounds But Fight’s Not Over Yet
    Bloomberg

    Commodities Bulls Nurse Their Wounds But Fight’s Not Over Yet

    (Bloomberg) -- The commodities boom has taken a knock this month, and while there are many reasons to still bet on a so-called supercyle, it’s unlikely to be plain sailing.Vast amounts of stimulus, economies reopening from the pandemic and strong Chinese demand have driven a surge in raw-material prices this year, some to record highs. Yet they’ve slumped in the past two weeks -- with some wiping out gains for the year -- on a more hawkish U.S. monetary policy tone, China’s bid to cool inflation