COPPER SEMINAR: Demand prospects supportive for copper market

Healthy copper demand will persist, supported by growth in emerging economies and the metal’s application in the growing electric vehicle market, according to panelists at Metal Bulletin’s fourth annual copper seminar on Wednesday June 6.

Copper prices have trended upward this year, driven in large part by the metal’s varied applications across several industries.
American Metal Market’s assessment of the Grade 1 copper cathode premium stands at 6-6.5 cents per lb, its highest level since August 2016.
The three-month copper contract on the London Metal Exchange closed at $7,259 on Thursday June 7, up 6.2% from $6,834 per tonne on May 31.

Published

Michael Roh

June 07, 2018

21:46 GMT