By Leia Michele Toovey- Exclusive to Copper Investing News
Copper has rallied 31 per cent in the first quarter of 2009; since December 26, the red metal’s price has increased 47 per cent. This rapid upward swing has earned the metal the title best performer among the 19 raw materials tracked by the RJ/CRB commodity index.
Copper’s [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
U.S. copper futures closed with moderate losses on Wednesday but pushed into positive territory in after hours trading following the U.S. Federal Reserve’s announcement to purchase long-term Treasury debt. Copper for May delivery finished $0.75 lower at $1.7165 a lb on the New York Mercantile Exchange’s COMEX [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
As economic malaise spread around the globe; silver and gold stocks became top performers. Worried investors flocked to both metals as a means to safe guard their investments as stocks, bonds and currencies became increasingly volatile. Copper investments were not appealing. Copper, fundamental to the transfer of [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
The arbitrage window that allows profitable imports of copper from the international market into China snapped closed on Thursday as the gap between Shanghai and London markets narrowed sharply. Half the available copper stock in Asia and 10 per cent of the material in Europe is earmarked [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish.
When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to host the [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper futures started the year on a note of optimism.
On January 3, the first day of trading in 2009, copper peaked at US$1.6225, the contract’s highest point since December 2 2008. Copper was just one of the base metals to rally as a result of the re-weighting [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
With copper prices considered a barometer of economic growth, it is no surprise that the metal is having a rough go.
Japan and Germany are in a full-fledged recession, and China and the U.S. are in bear markets teetering on the brink. The metal has lost more than [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Now that the U.S. election is over, the economy is back in the spotlight.
Earlier this week, pre-election excitement sent the economy on an ascent; following the election, the markets tracked back their gains. On Wednesday, copper, considered a key indicator of economic health, was down five per cent. Is [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
This week on the London Metal Exchange, the industrial metals rallied. Copper for delivery in three months jumped $525, or 13 per cent, to $4,655 a metric ton. Aluminum advanced 2.7 per cent, nickel 7.8 per cent and zinc 7 per cent. This was a welcome relief, [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
On the Shanghai Exchange, copper has tumbled 18 per cent this week alone, putting the year’s cumulative losses at 41 per cent. The current price point of copper puts it on par with the level it was at in December 1999. Copper for January delivery dropped 2,170 [...]
Thursday, April 2, 2009
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