{"id":100630,"date":"2017-01-12T06:54:27","date_gmt":"2017-01-12T11:54:27","guid":{"rendered":"http:\/\/countingpips.com\/?p=100630"},"modified":"2017-01-12T06:54:27","modified_gmt":"2017-01-12T11:54:27","slug":"copper-quotes-up-5-since-the-start-of-the-year","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/01\/copper-quotes-up-5-since-the-start-of-the-year\/","title":{"rendered":"Copper quotes up 5% since the start of the year"},"content":{"rendered":"<div id=\"inves-651997718\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 12, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div>\n<div class=\"reviews-item__header\">\n<div class=\"reviews-item__info s_float_l\">\n<p><strong>By\u00a0Gabriel Ojimadu, Alpari<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews-item__content\">\n<p>Industrial metals have started 2017 with growth. Copper quotes are up 5% since the start of the year, rising to $5,760 per tonne. Nickel and aluminium have risen 4.5% to $10,480 and $1,750 per tonne respectively. Throughout 2013-2015, the prices for industrial metals stagnated, but in 2016 they grew steadily. Copper, nickel and lead rose 20% last year, with zinc and tin rising by over 50%. From November to December last year there was a small fixation of profits: light metals rebounded downwards.<\/p>\n<p>The metal growth trend may well continue into 2017. Factors behind growth include positive signals from large global economies (China and the US). Furthermore, these countries are planning large-scale investments in infrastructure. Donald Trump announced a plan to invest $1 trillion in the construction of bridges and airports amongst other things. China, on the other hand, has declared its intentions to invest $115 billion in the construction of railways. Moreover, the Chinese government is planning to make requirements for factory equipment more stringent and this is set to increase demand for metals.<\/p>\n<p>We believe that copper could reach $6,000 per tonne in the coming weeks and the price of Nickel could hit $11,000. Moreover, these levels may be reached before Chinese New Year on 28<sup>th<\/sup> January. At the end of January and start of February Chinese markets will be closed and during this period the growth of metals will slow.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"http:\/\/alpari.com\/en\/analytics\/reviews\/commodities\/17685_11012017\/\">Copper quotes up 5% since the start of the year<\/a>&#8220;<\/div>\n<\/div>\n<div class=\"s_invisible_yes\"><\/div>\n<div class=\"s_invisible_yes\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Gabriel Ojimadu, Alpari Industrial metals have started 2017 with growth. Copper quotes are up 5% since the start of the year, rising to $5,760 per tonne. Nickel and aluminium have risen 4.5% to $10,480 and $1,750 per tonne respectively. Throughout 2013-2015, the prices for industrial metals stagnated, but in 2016 they grew steadily. Copper, nickel [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-100630","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=100630"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100630\/revisions"}],"predecessor-version":[{"id":100631,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100630\/revisions\/100631"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=100630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=100630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=100630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}