India copper futures edged higher on Friday aided by a weak dollar and positive global data that kindled hopes of an economic recovery overseas. For full story, click here
Read the full article: "India Copper edged up on Dollar, Global Data"
Friday, July 31, 2009
Diversified mining group Metorex Ltd declared that copper output at its Ruashi mine in the Democratic Republic of Congo exceeded June quarterly expectation of 4,500 tonnes at 5,245 tonnes. The company also said in a statement cobalt output exceeded the 450 tonnes expected as 568 tonnes of cobalt was produced. For full story, click here
Read the full article: "Metrorex Ruashi Mine Beats June Quarter..."
Friday, July 31, 2009
Proactive Investors declared that Australian copper explorer Redbank Copper has continued the good news flow from the Redbank Copper Mine in the Northern Territory. For full story, click here
Read the full article: "RedBank Copper Updated on Northern Territory..."
Thursday, July 30, 2009
The Chilean peso has closed weaker against the dollar Wednesday, tracking the euro’s losses against the greenback and lower international copper prices. For full story, click here
Read the full article: "Chile Peso Closed Weaker on Euro Losses,..."
Thursday, July 30, 2009
Chilean copper miner Antofagasta Plc posted a 6.6 percent slip in first-half copper output on Thursday, slightly better than its own expectations, and declared costs remained sharply higher than last year. The London-listed firm said copper production for the six months to end June decreased to 218,200 tonnes from 233,600 tonnes in the same period [...]
Read the full article: "Antofagasta H1 Copper Output Off, But Costs..."
Thursday, July 30, 2009
Kazakh miner Kazakhmys posted a 8 percent surge in first-half copper cathode output on Thursday and declared that although second-half output would be lower the company was on track to meet its full year target. For full story, click here
Read the full article: "Kazakhmys H1 Copper Output surged 8%"
Thursday, July 30, 2009
India copper futures recovered partly on Thursday, supported by surging equity markets, along with comforting statements from the Chinese central bank. Praveen Singh, an analyst with Sharekhan Commodities, stated: Prices are supported by stock markets and Chinese central bank’s statement. For full story, click here
Read the full article: "India Copper Futures Have Recovered Partly..."
Wednesday, July 29, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices have enjoyed an 80 per cent rally this year- on the back of Chinese State Reserve Bureau (SRB) purchases. Now, signs are pointing to the finality of those purchases. Inventories monitored by the London Metal Exchange posted their first back-to-back weekly gains since February, [...]
Read the full article: "Copper’s Ascent Threatened by Growing LME..."
Wednesday, July 29, 2009
Southern Copper closed yesterday at $25.30. So far the stock has hit a 52-week low of $9.12 and 52-week high of $29.08. Southern Copper stock has been showing support around 24.23 and resistance in the 25.99 range. Technical indicators for the stock are Bullish. For full story, click here
Read the full article: "Southern Copper closed at $25.30"
Wednesday, July 29, 2009
U.S. copper settled 1 percent down on Tuesday as a weak stock market, strong dollar and broad downtrend in commodities sparked light profit-taking, though some analysts expect a quick rebound based on fundamentals. For full story, click here
Read the full article: "US Copper has ended down 1%, rebound seen"
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Friday, July 31, 2009