London Metal Exchange

Copper Rebound Continues as Market Eyes China Arbitrage

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Copper extended its rebound from the lowest close in five months as orders to withdraw the metal from London Metal Exchange warehouses suggested China’s demand slump may have bottomed out. Three-month futures rose 1.8% as of 6:04 p.m. in London, fueled in part by the biggest cancellation of LME copper since April. The gain comes … Read more

Nifty Metal plunges 3% amid weak US and China manufacturing data; JSW Steel, Tata Steel lead decline

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Nifty Metal plunges 3% amid weak US and China manufacturing data; JSW Steel, Tata Steel lead decline

After a record-breaking performance in the previous trading session, Indian market struggled to maintain those gains today, with frontline indices losing over 1%. This decline was influenced by a sell-off in global peers, driven by weak US manufacturing and labor market data that reignited recessionary fears. Sector-wise, the metal sector was the hardest hit, with … Read more