Copper Investing News» Copper Market News

Copper Dropped 0.3 % on Speculation Over Possible Greek Exit

Anne Bagchi — Sat, 26 May 2012 00:33:44 +0000

Reuters Africa reported that copper dropped 0.3 % on speculation over possible Greek exit from the Euro zone.

Copper Surged 1%

Anne Bagchi — Fri, 25 May 2012 03:51:09 +0000

CNBC reported that copper surged 1% to end at $7,610 a metric ton.

Global Refined Copper Market in 110,000 Tonne Deficit

Anne Bagchi — Thu, 24 May 2012 08:53:01 +0000

Reuters reported that according to the International Copper Study Group, the worldwide refined copper market was in a 110,000 tonne deficit in February 2012.

Copper Fell 1.4 Percent

Anne Bagchi — Wed, 23 May 2012 23:12:40 +0000

Bloomberg reported that copper fell 1.4 percent on speculation that Greece may quit the euro region.

Codelco’s First Quarter Output Fell 10 Percent

Anne Bagchi — Wed, 23 May 2012 23:08:50 +0000

Reuters reported that Codelco's first quarter output fell 10 percent.

Xstrata: Copper Demand Will Rise in the Second Half of 2012

Anne Bagchi — Tue, 22 May 2012 23:53:07 +0000

CNBC reported that according to Xstrata (LSE:XTA), the sluggish copper demand in China will boost copper demand in the second half of 2012.

Copper Steadied at $7,816 a Metric Ton

Anne Bagchi — Tue, 22 May 2012 19:01:59 +0000

Reuters reported that copper steadied at $7,816 a metric ton on reports of China's infrastructure growth plan.

Size of Chinese Copper Stockpiles Not Promising

Charlotte McLeod — Fri, 18 May 2012 17:27:37 +0000

Reuters reported that China's metals warehouses are so full that copper is being stockpiled in car parks, a bad sign for global metals prices and an indication that China's growth may not continue.

Chile’s Codelco Faces Mine Protests

Charlotte McLeod — Thu, 17 May 2012 17:09:01 +0000

Bloomberg reported that Chilean copper mines owned by Chile's Codelco have faced protests regarding job security. The Collahuasi mine, owned by Anglo American plc (LSE:AAL) and Xstrata plc (LSE:XTA) and also located in Chile, has been unaffected.

Freeport-McMoRan CEO Concerned About Grasberg Mine

Charlotte McLeod — Tue, 15 May 2012 16:56:44 +0000

Reuters reported that Richard Adkerson, President and CEO of Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), is worried about violence at the company's Grasberg mine in Indonesia, but is unconcerned about the government's plan to renegotiate mining contracts.