Another metal just hit a record high — and it's not gold [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
Company Research
Source: Yahoo! Finance
A looming 150,000-ton deficit next year is set to keep the pressure in copper markets. Gold's stunning rally has been dazzling all year, but it's copper that just stole some of the spotlight. On Wednesday, three-month copper futures on the London Metal Exchange, the global benchmark, hit a record $11,200 a metric ton — topping the previous high of $11,104.50 set in May 2024. The red metal used in construction, electrical grids, and electronics, is up about 26% this year, standing out in the base metals complex. Copper's record run has been fueled by supply strains as major miners flag disruptions worldwide. Those setbacks come as demand from the energy transition and AI infrastructure accelerates — a mix likely to push the market into deficit next year. Earlier this week, British miner Anglo American warned of lower-than-expected production from its flagship Collahuasi plant in Chile. Anglo-Swiss miner Glencore also cut its annual copper forecast after reporting lower o
Show less
Read more
Impact Snapshot
Event Time:
HKXCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HKXCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HKXCY alerts
High impacting HONG KONG EX&CL UNSP/ADR news events
Weekly update
A roundup of the hottest topics
HKXCY
News
- Mining Stocks Rally as Copper Futures Hit Record High [Yahoo! Finance]Yahoo! Finance
- Goldman Warns Copper's Parabolic Breakout Lacks Stability [zero hedge]zero hedge
- Goldman Says Copper's ‘Breakout' Above $11,000 Won't Last [Yahoo! Finance Canada]Yahoo! Finance Canada
- Britannia Global Markets Receives Category 4 Membership of London Metal Exchange [Yahoo! Finance]Yahoo! Finance
- Copper hits record high in London amid global supply concerns [Seeking Alpha]Seeking Alpha