• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Copper price falls with China absent from Lunar New Year

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets, Trade
1 min read
0 0
0
53
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Parliamentary Select Committee on Lands and Natural Resources Visits AGA Iduapriem Mine

Parliamentary Select Committee Lauds Gold Fields’ Contributions During Working Visit

GRA Refutes Claims of Irregularities in Auction of Perishable Goods at Ports

Copper price falls with China absent from Lunar New Year

The copper price fell for a second day on Wednesday, weighed down by a stronger dollar and the absence of China, where markets are closed for a week-long Lunar New Year holiday.

Copper for delivery in March on the Comex market in New York, was down 0.4% Wednesday morning, touching $4.23 per pound ($9,306 per tonne).

Copper rallied strongly in early January, reaching a seven-month high of $9,550.50 a tonne on January 18, as the dollar weakened and speculators bet that the end of China’s covid-19 restrictions would boost economic growth and metals demand.

But prices lost momentum as Chinese markets closed on January 20.

The market is waiting for data from China after its New Year celebrations, said WisdomTree commodity strategist Nitesh Shah.

“(This) could be a nice catalyst for prices to break away from this consolidation range,” he said.

Even if Chinese growth revives, the global economy is expected to face a challenging year marked by geopolitical tensions, high inflation, and the energy crisis, according to the Eurochambres global economic survey published on Wednesday.

Tags: ChinacopperCopper price falls with China absent from Lunar New Year
No Result
View All Result

Highlights

COCOBOD in ICU: Can Dr. Raddy Abbey Resuscitate Ghana’s Cocoa Lifeline?

Hands Off Our Cedi! Ghana’s Cedi Reset Will Be Written in Accra, Not Washington!

BoG Directs Mining Firms to Route Forex Inflows Through Commercial Banks

US Open: Alcaraz Exorcises Second-Round Demons, Djokovic Through to Next Round

Manchester United Eliminated from Carabao Cup by Fourth-Tier Grimsby

UCL: All You Need To Know Ahead Of The League Phase Draw on Thursday As Three Clubs Qualify For The First Time

Trending

Business

Parliamentary Select Committee on Lands and Natural Resources Visits AGA Iduapriem Mine

August 28, 2025

Parliamentary Select Committee on Lands and Natural Resources Visits AGA Iduapriem Mine The Parliamentary Select Committee on...

Parliamentary Select Committee Lauds Gold Fields’ Contributions During Working Visit

August 28, 2025

GRA Refutes Claims of Irregularities in Auction of Perishable Goods at Ports

August 28, 2025

COCOBOD in ICU: Can Dr. Raddy Abbey Resuscitate Ghana’s Cocoa Lifeline?

August 28, 2025

Hands Off Our Cedi! Ghana’s Cedi Reset Will Be Written in Accra, Not Washington!

August 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.