Copper metal price on December 28: keep selling price

Three-month copper on the London Metal Exchange (LME) was steady.

Three-month copper on the London Metal Exchange (LME) was steady at $8,954.00 a tonne after hitting its highest since Dec. 18 at $9,018.50. Prices have risen 4.6% this year.

The dollar index is on track to rise for a fourth straight week, reflecting strength that makes the dollar-denominated metal more expensive for buyers holding other currencies.

China's top copper smelters have agreed to lower their guidance on processing fees for the first quarter of 2025, reflecting a persistent shortage of copper concentrate.

“In 2025, interest rate cuts will boost economic activity and boost copper demand. China is likely to return to the market while mine supply is another factor to watch,” said Ajay Kedia, director at Kedia Commodities (Mumbai).

China’s metallurgical group agrees to cut copper prices in Q1. The first quarter of next year is likely to see the current consolidation continue, but prices move higher in Q2.

China, the top consumer of base metals, has announced various stimulus measures this year to maintain steady economic growth as it braces for rising trade tensions with the US after Donald Trump returns to the White House.

Elsewhere, copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 4.7% from last Friday, the exchange said.

In other metals, LME aluminium fell 0.9% to $2,541.50 a tonne, nickel lost 1.4% to $15,250, zinc fell 1.3% to $3,009.50 while tin rose 0.3% to $28,860 and lead fell 1.4% to $1,956.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-28-12-giu-gia-ban.html