On Tuesday, U.S. copper futures ended up over 2 percent buoyed by expectations of stronger Chinese demand and fresh investment flows into the broader metals complex.
On Monday, Union workers at Chile’s giant Chuquicamata copper complex, the world’s second biggest, began a strike over pay early. This stoppage will hit world No. 1 producer Codelco’s output.
On Thursday, U.S. copper futures ended with sharp losses. Analysts believe that the shift in momentum could pull prices of the copper value back down toward $3.00 a lb.
On Monday, U.S. copper futures pushed higher after news of a financial bailout for debt-laden Dubai supported sentiment and added to last week’s positive.
On thursday, U.S. copper futures remained lower, after setting a fresh two-week low, with a rise in the dollar inspiring more investors to sell and take end-of-year profits.
In the month of October, World’s biggest copper producing country,Chile, saw a significant 9.8% rise in its output [CLCOPP=ECI]from the same month last year.
On Tuesday, U.S. copper futures settled lower. This was after mixed economic data offered no new direction for prices and investor position.
Otish Energy Inc.(TSX VENTURE:OEI) has entered into a property purchase and sale agreement with Val-D’Or, Quebec, to acquire a 100% interest in 18 mineral claims forming the Lac Des Coudes Property in the Bourbon Township, Lac-St-Jean Area of Quebec.
On Wednesday, Copper rallied to its highest level in 14 months. The dollar continues to fell and the equity market bounced back.
On Monday, Copper rallied to its highest level in 13-1/2 months. The weakening of the dollar lead to additional support.
Wednesday, January 20, 2010