Copper Prices Drop

Copper Prices Drop

THE price of copper yesterday on the international market recorded its weakest since February after concerns over the demand prospects for industrial metals by China.
Similarly, the Kwacha last week closed on a low note as United States (US) dollar demand continued to put the local unit under pressure.
According to Reuters, the price of copper on the London Metal Exchange (LME) hovered near its weakest since February after several gauges of China’s economy including factory output and new loans softened in April, increasing concerns over the demand prospects for industrial metals.
Three-month copper on the LME eased by 0.7 percentage point to US$4,597 a tonne by 0004 GMT, after finishing a tad firmer in the previous session when it dropped as low as US$4,594 a tonne, its cheapest since February 25.

25 Responses to "Copper Prices Drop"

  1. PF niziiiiii   May 17, 2016 at 9:20 am

    So ninshi ni Edgar ewalenga, NEZ chikala sokoloka usonte epowaboomba. If u say its ECL’s fault then HH is the one telling the international market to drop prices, wechipubawe, ati ba pilot yaba in the name of Jane Hamulenga

    • Timbwi   May 17, 2016 at 9:29 am

      If you are dull stop commenting. We have always advised not to depend on copper for us to stabilize our kwacha. If measures are already in place, these short comings should have minimal effects on our medium of exchange. Stop politicizing everything and accept that it is not always good to fold your arms like ECL and the team including yourself to blame it on global while failing to do anything. Find solutions imweeeee!

      • Judge Joe Biden   May 17, 2016 at 9:36 am

        You can say that again its a FACT most PF followers are just blank and not knowledgeable on lot of things but dwell on silly slogans as they lack ability to postulate issues. Very feel can debate but insult.

        • Strange But True (SBT)   May 17, 2016 at 1:14 pm

          PF nizii…you r a fool. when dollar goes up @ its PF working ….why do you want to deny this weakness.

  2. Judge Joe Biden   May 17, 2016 at 9:30 am

    Now can you send this article to Kambwili to come and explain to Zambians? Ati we have put measures to stabilise the Kwacha, kwisa? sometimes when you fail things kwikalafye. We told you the gain of Kwacha was very artificial as it was due to the gain of US currency yet PF cadres ululated and their blank so called honorary doctor rushed to the media making senseless statements. Edgar blundered to pick only halfbrained cadres as his inner circle. I predicted Kwacha to fall 2 to 3 months after its artificial gain, this is just 2 months. Mukose its time up.

  3. John   May 17, 2016 at 11:52 am

    you Stupid idiots, stop blaming ECL, he has just been in the office for 1 year, and u are saying he is folding his hands. What do u think HH can do and let me tell you. HH shud just forget of going to plot 1 coz he will never go there.

    • Judge Joe Biden   May 17, 2016 at 12:01 pm

      …and how long has Mangufuli of TZ been president? If you are into foreign affairs at least regionally what has he achieved HIMSELF – so far – not inherited projects? He assumed office just on 5th November, 2015 and your Lungu? So stop that crap of excuses any leader can achieve a lot regardless the time period if he has a plan, knowledge of how, and when.

  4. Strange But True (SBT)   May 17, 2016 at 1:17 pm

    Let Chibwili explain this drop in copper coz wen it gained he said its was PF which was working.

    • Judge Joe Biden   May 17, 2016 at 1:34 pm

      …when you find him under storm drain pipes, tell me – hes possibly stuck.

      • Strange But True (SBT)   May 17, 2016 at 2:55 pm

        @ JJB i saw him over the weekend in Kitwe with his colleague ECL. They were watching football @ kalapa stadium and both r nkana fans. unfortunately, the game never went well for them and its a clear sign that even elections wont go well for them.

        • Judge Joe Biden   May 17, 2016 at 3:52 pm

          Kikiki OK I think they were consoling each other!

  5. Hello Haters   May 17, 2016 at 2:08 pm

    Kambwili akabepesho kamoneka on why kwacha is losing value, it global!!!!

  6. Heavy D   May 17, 2016 at 3:00 pm

    @judge Biden, you can’t even spell some simple words correctly, but you are busy condemning others. Stop telling us nonsense. What comes out of your mouth is nothing, but, shit and crap. Sela tubombeko!

    • Judge Joe Biden   May 17, 2016 at 3:41 pm

      Havent you come across the term TYPOS if I type “feel” instead of “few” thats a big deal?

  7. Hazazivotela Heka   May 17, 2016 at 4:07 pm

    It PAINS the SEE!!!!!!!!!!chibaba bo-ona……….another 5yrs for PF coming bane…….ilila itambika.
    VOTE PF and let the specialist of Losing,lose Hagain Hamuntu ha HH.

  8. Hamanjanji Malambo   May 17, 2016 at 4:36 pm

    ECL awina HH atamba

  9. sir George   May 17, 2016 at 5:14 pm

    kxkxkxkx ati sela tubombeko! shiting around is working?

  10. Sontapo inkongole wasenda   May 17, 2016 at 7:10 pm

    Kwacha dropping continues.
    Sela tubombeko an apparent context of wanting to distabalize the police by allowing the cadres to law in their won hands.

  11. Big Nose   May 17, 2016 at 8:31 pm

    senla ba hh babombeko upnd forward on 11august Edgar chanwa lungu will cry that is the wish of every zambian to see him cry louder than rb.we are voting hh and upnd this time whether fuel go down to one kwacha we know your trap pf know trust chakolwa Edgar chanwa lungu

  12. ps   May 17, 2016 at 9:47 pm

    but the guy is dull bane. wen he toks, he toks pangas unless he is reading.

  13. REAL   May 17, 2016 at 11:52 pm

    IS IT FOR THE FIRST TIME? COPPER DO FR ACTUATE AND THAT IS NORMAL. SOONER THAN LATER, THE PRICE WILL GO UP. I’M A UPND CADRE, BUT ON THIS ONE, I HAVE TO BE REAL.

    • Judge Joe Biden   May 18, 2016 at 8:33 am

      You totally misconstrued the point, the point here is not the fluctuation of copper prices but PF leadership screaming to be given credit whenever its prices improve or Kwacha gaining but they coil back to their holes whenever things go bad. So can you call that Pseudo Doctor to come and explain to Zambians why what “PF put in place” is now crumbling again?

  14. sir George   May 18, 2016 at 5:19 pm

    Thats the truth comrade JJB. just to add on,God is punishing pf,infact God curses a land which spills blood the way pf is busy killig people with pangas. Watch this space,when another regim comes in,you will see how God will react,copper prices will again go up,the rain parten will improve.Thats the God i know.

  15. sir George   May 18, 2016 at 5:25 pm

    if i was a pente christian i could have said “i prophecy” but i know Jesus was the last prophet.

  16. ps   May 19, 2016 at 4:00 pm

    u call this shiting around ati working. naafilwa fye.