Records for gold, coffee, copper, cocoa: What commodity prices say about inflation
A recent string of record-high prices in commodities as different as coffee and copper may be traced back to the same underlying cause: a U.S. economy that is running hot. The rising prices of commodities might even be a sign that the Federal Reserve is not succeeding in its efforts to drive down inflation, economists […]
Gold prices steady amid rate jitters, copper flat with China in focus By Investing.com – Investing.com
Investing.com — Gold prices were stable in Asian markets on Wednesday as attention remained on upcoming signals regarding U.S. inflation and interest rates, but a somewhat hawkish outlook for interest rates led traders to remain cautious on the metals market. Among industrial metals, copper prices also remained range-bound as optimism over China’s stimulus measures faded […]
The Amount of Copper Needed for EVs Is ‘Impossible for Mining Companies to Produce’
A recent study from the University of Michigan sheds light on a key challenge facing the global transition to electric vehicles: copper mining cannot keep up with increasing demand. Engineering and Technology Reports Copper, essential for the generation, distribution and storage of electricity, is crucial to the success of policies aimed at encouraging EV adoption, […]
Copper prices to quadruple on soaring demand, top commodity trader Andurand says – Seeking Alpha
SimoneN/iStock via Getty Images Pierre Andurand, a hedge fund manager and one of the world’s best-known commodity traders, said copper prices are still rising and are nearing their peak. Four times higher at $40,000/ton Supply will not be able to keep up over the next few years, Surging demand. The French fund manager Financial Times […]
Gold prices fall below $2400 on rate jitters, copper hit with profit-taking – Investing.com
Investing.com — Gold prices extended losses in Asian markets on Thursday, sliding further from record highs as renewed concerns about high interest rates dented demand for the metal as a safe-haven asset. Industrial metals also followed suit, with copper prices tumbling from record highs on profit-taking and dollar pressure, but prices of the red metal […]
What Could Derail The Copper Rally – OilPrice.com
via MetalMiner.com as a whole, Copper Monthly Metals Index (MMI) It increased by 17.36% from April to May. The upward trend in copper prices accelerated throughout April. The bullish momentum saw prices rise nearly 14% from the closing price at the end of March. By April 29, prices had surpassed $10,000 per ton. They continued […]
Oakland locals blame homeless encampment for city removing traffic lights to stop copper thieves
A California city has removed traffic lights from a four-way intersection as the city deals with theft stemming from a large homeless encampment nearby. According to local residents interviewed, Auckland is experiencing a high rate of crime and theft, including theft of copper wire and city infrastructure. CBS News. The city tried to prevent criminals […]
Copper Outlook Today: 3 Reasons to Buy Now, Best Trade One Expert Has Even Seen – Markets Insider
Carlyle’s Jeff Currie said on the Odd Lots podcast that copper is “the most attractive deal I’ve ever seen.” He believes the large mismatch between supply and demand for the metal could push prices up to $15,000 per tonne. Mr Curry said industrial demand, wealth redistribution and geopolitical conflict would deepen imbalances. Thank you for […]
Thieves Steal Tesla’s Electric Vehicle Charging Cables for Copper in California
If Democratic-run California wants to force its residents to ride electric vehicles (EVs), Democratic-run California should start cracking down on crime. Let’s talk about the law of unintended consequences… “Thieves are targeting Tesla and other EV charging stations and stealing the heavy cables for the copper metal inside.” report NBC affiliate station in San Francisco. […]
Copper Futures Surge as Short Squeeze Grips NY Market – Yahoo Finance
(Bloomberg) — Copper futures in New York rose to an all-time high after a short scramble sparked a scramble to divert metal from other regions to the United States. Most Read Articles on Bloomberg The surge, which saw Comex futures soar more than 7% this week, has seen the metal for July delivery on the […]