“Profit settlement” prompted copper prices to fall back, and Southern Copper (SCCO.US) led the decline in US mining stocks
Mining stocks generally fell as copper prices showed their worst single-day performance since this year.
The commodity boom came to an abrupt end! Basic metals fell across the board, copper and nickel fell sharply, and crude oil fell three times in a row
The minutes of the Federal Reserve meeting show that the Federal Reserve may postpone interest rate cuts due to continued inflation, thus suppressing market expectations of interest rate cuts, and crude oil prices fell in response. Lun Copper closed down 4.05%, while Lunn Nickel fell 4.4%. Some analysts pointed out that the main reason for the decline in copper prices may be related to investors starting to make a profit settlement after copper prices hit a record high, recent weakness in copper demand, and a possible increase in copper production in Peru in 2024.
Copper Prices Plunge as Profit-taking Follows Run to Record Highs
What Makes Ero Copper Corp. (ERO) a Strong Momentum Stock: Buy Now?
Analysts Offer Insights on Materials Companies: Ero Copper (ERO) and New Gold (NGD)
Ero Copper Corp. Is Maintained at Market Perform by BMO Capital Markets
Ero Copper Corp. Is Maintained at Market Perform by BMO Capital Markets
Ero Copper Corp. Price Target Raised to C$35.00/Share From C$32.00 by BMO Capital Markets
Ero Copper Corp. Price Target Raised to C$35.00/Share From C$32.00 by BMO Capital Markets
Wall Street Is Chasing a Hot Stock Market. You Don't Need To
By Jacob Sonenshine The S&P 500 is hitting record highs -- and strategists are now lifting their price targets for the S&P 500. Investors shouldn't take that as their cue to aggressively buy the mark
Why Ero Copper (ERO) Might Be Well Poised for a Surge
Copper Surges to Highest Ever on Bets That Shortages Will Worsen
Commodity Roundup: Gold at Record High, Oil Reverses Gains Amid Iran-Saudi Political Uncertainty
It surpassed $11,000 for the first time! “Dr. Copper” continues to soar, investors are betting on the prospect of supply shortages
As supply shortages are expected to intensify, financial investors are pouring into the copper market, which has helped copper soar to its highest level in history, continuing strong gains for several months.
Copper Hits Record Above $11,000 on Bets That Shortage Looms
Copper Surges to Record as Investors Bet on Looming Shortage
Copper surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages.
Express News | Shares of Copper-related Companies Are Trading Higher as Copper Rises Amid Chinese Measures to Support the Property Sector
New York copper is mired in a “war of emptiness” to shock the non-ferrous metals market
The Zhitong Finance App learned that the huge mismatch between copper prices traded in New York and other commodity exchanges shocked the global copper market and prompted people to frantically buy copper shipped to the US.
Ero Copper Corp. (ERO) Is a Trending Stock: Facts to Know Before Betting on It
The shortfall in New York copper futures sparked a sharp rise of 3.6% in July contracts to a record high
The price of the New York copper futures market soared to a record high after experiencing a round of shorting.
Canaccord Genuity Sticks to Their Buy Rating for Ero Copper (ERO)
Ero Copper Corp. Price Target Raised to C$36.00/Share From C$34.00 by Canaccord Genuity
Ero Copper Corp. Price Target Raised to C$36.00/Share From C$34.00 by Canaccord Genuity