1 CORONAVIRUS: DEATH TOLL RISES TO 80 AS CHINA EXTENDS HOLIDAY WWW.BBC.COM PUBLISHED:2020/01/27      2 MONGOLIA TO WORK WITH 2030 WATER RESOURCES GROUP WWW.MONTSAME.MN PUBLISHED:2020/01/27      3 MONGOLIA ON HIGH ALERT DUE TO CORONAVIRUS OUTBREAK WWW.MONTSAME.MN PUBLISHED:2020/01/27      4 BORDER CROSSINGS WITH CHINA CLOSED FOR CHINESE LUNAR NEW YEAR WWW.MONTSAME.MN PUBLISHED:2020/01/27      5 GRETA THUNBERG INVITED TO MONGOLIA WWW.NEWS.MN PUBLISHED:2020/01/27      6 MONGOLIAN PARLIAMENT APPROVES INTELLECTUAL PROPERTY LAW WWW.NEWS.MN PUBLISHED:2020/01/27      7 THE HU: TICKETS IN UK AND IRELAND SOLD OUT! WWW.NEWS.MN PUBLISHED:2020/01/27      8 FORMER PRIME MINISTER OF MONGOLIA RETAINS AMSTERDAM & PARTNERS LLP TO DEFEND AGAINST POLITICALLY MOTIVATED CHARGES WWW.AMSTERDAMANDPARTNERS.COM PUBLISHED:2020/01/27      9 GOLDMAN: CHINA CORONAVIRUS COULD PUSH OIL DOWN BY $3 WWW.RT.COM PUBLISHED:2020/01/24      10 CORONAVIRUS SCARE: 6 PEOPLE EXAMINED IN MONGOLIA WWW.NEWS.MN PUBLISHED:2020/01/24      УГААРЫН ХИЙД ХОРДСОН ГЭХ ИРГЭДИЙН ТОО ӨНГӨРСӨН 7 ХОНОГИЙНХООС 2 ДАХИН НЭМЭГДЭВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2020/01/27     2019 ОНД ТӨМРИЙН ХҮДРИЙН ЭКСПОРТ 68.5 ХУВИАР ӨСӨЖ, 576.6 САЯ АМ.ДОЛЛАР БОЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2020/01/27     2040 ОН ГЭХЭД ТЭТГЭВРИЙН НАСНЫ ХҮМҮҮСИЙН ТОО АЖИЛЛАХ ХҮЧНЭЭС ДАВНА WWW.ZGM.MN НИЙТЭЛСЭН:2020/01/27     АМНЫ ХААЛТ, САНИТОЛ, СПИРТ ЭМИЙН БӨӨНИЙ ТӨВҮҮДЭД ДУУСАЖ, ҮЙЛДВЭРҮҮД ЗАХИАЛГАА ДИЙЛЭХГҮЙ БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2020/01/27     МАНАЙ УЛС 444 САЯ АМ.ДОЛЛАРЫН ХҮНСНИЙ БЭЛЭН БҮТЭЭГДЭХҮҮН ИМПОРТОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2020/01/27     КОРОНАВИРУСИЙН ОНОШЛУУР МАРГААШ МОНГОЛД ИРНЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2020/01/27     ПЕТРОВИС ГРУППИЙН МИНИЙ МАШИН... УРАМШУУЛАЛТ ХӨТӨЛБӨР ОРОН ДАЯАР ЭХЭЛЛЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2020/01/27     ЭМЯ: МОНГОЛ УЛСЫН ЭРСДЭЛИЙН ЗЭРЭГ ДУНДААС ӨНДӨРТ ШИЛЖСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2020/01/27     ПЕТРОВИС ГРУППИЙН МИНИЙ МАШИН... УРАМШУУЛАЛТ ХӨТӨЛБӨР ОРОН ДАЯАР ЭХЭЛЛЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2020/01/27     МОНГОЛЫН МАРГААШ БОЛ УУЛ УУРХАЙ БУС МАЛ АЖ АХУЙ ЮМ WWW.ZGM.MN  НИЙТЭЛСЭН:2020/01/26    

Copper price jumps to 8-month high www.mining.com

On Monday in New York, copper for delivery in March closed the day near $2.8640 a pound ($6,314 a tonne), an 8-month high and up 3% from 2019’s closing level.

The US Treasury on Monday lifted China’s designation as a currency manipulator, paving the way for the signing on Wednesday of a phase-one trade deal with China.

China consumes half the world’s copper, and the dispute with the US has weighed on the market for more than a year. Given its widespread use in industry, construction, transport and power distribution, the metal is sensitive to broader economic conditions.

BMO Capital Markets – 2020 industrial Metals outlook
Bloomberg reports inventories at warehouses tracked by the three international exchanges – New York, Shanghai and London – have shrunk by about 37% since July to just shy of 300,000 tonnes, equivalent to just 1.2% of global consumption.

“Europe and developed Asia have been destocking pretty aggressively over the past six months or so,” Colin Hamilton, an analyst at BMO Capital Markets, told Bloomberg. “You can’t do that forever.”



Published Date:2020-01-14