Copper futures jumped as much as 3.2% to $4.39 per pound on Monday before paring those gains, hitting fresh 22-month highs as new Western sanctions on Russian metals jolted commodity markets. The US and UK banned deliveries of any Russian supplies produced after midnight on Friday, prohibiting metal-trading exchanges from accepting new aluminum, copper and nickel produced by Russia. The import of the metals into the US and UK were also banned. The latest sanctions were issued in an effort to limit Russia’s revenues from the export of metals that help fund its military operations in Ukraine. Copper prices were also supported by data showing unwrought copper imports in China, the world’s largest consumer of the metal, surged by 16% to 474,000 tonnes in March.
Looks to be tracking well. Hourly.
Copper futures jumped as much as 3.2% to $4.39 per pound on...
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Last
25.0¢ |
Change
0.010(4.17%) |
Mkt cap ! $241.8M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 23.5¢ | $884.4K | 3.615M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 113519 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 271198 | 9 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| AIS (ASX) Chart |