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 [...]
Copper prices lost half their value since reaching a record intraday level of $4.27 in May on the New York Mercantile Exchange’s Comex division. “Copper is usually a good gauge of economic health because it is broadly used, but more specifically because it is important to construction and equipment manufacturing that tend to precede [...]
Base metals fell as demand concerns offset firm equities. Industrial metals rose early on Friday but there is still a strong fear about recession. A strong close for U.S. equities on Thursday, with the Dow Jones industrial average .DJI up more than 4 percent, helped underpin stock markets in Europe and Asia. Read the [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper sat in relative limbo as investors focussed on the government’s proposed financial bailout plan. On India’s Multi Commodity Exchange, the MCX, futures were steady with an upside bias as a week dollar and rising crude extended support. The upside, however, was capped by bailout uncertainties. Thursday’s benchmark November [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper started the week on the upside with the dollar’s decline instigating gains that strong- armed the market catastrophe’s negative sentiment. As the week progressed though, copper futures ended lower as global economic growth concerns and further turmoil in financials weighed on sentiment. Copper prices were [...]
By Leia Michele Toovey- Exclusive to Copper Investing News On Monday, copper lead gains in metals traded on the London Metal Exchange (LME) as the greenback retreated from its recent stronghold. The dollar’s recent run to new highs against the euro has extended losses for the metals; the recent pullback is getting people back in [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper joined the pack in the mid-week revival of base metal prices. On Tuesday, the red metal hit a 6-month low of $7,150 a tonne with the frenzied sell off of commodities. However, profit-taking since then on short covering purchases, and higher oil has turned the price [...]
By Leia Michele Toovey – Exclusive to Copper Investing News The copper market was a little dull on Monday, as stagnancy arose from the battle of global demand fears and the summer market lull. London LME copper stocks rose 2,575 tonnes to 136,050, putting a lid on prices. However, these stocks are not particularly high; [...]
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