Copper futures declined Tuesday morning, back-tracking from Monday’s gains as traders were skeptical over the state of the economic recovery. On the COMEX, March copper tumbled 2.3 percent, to $4.25 a pound. Copper ended up for a second consecutive day on Monday, as market sentiment focused on dwindling copper stockpiles.
Continue reading "Copper Declines on India’s Rate Hike"
Tuesday, January 18, 2011
Copper future rallied on mounting concerns that demand will outpace global supplies by as much as 600,000 tonnes in 2011.
Continue reading "Copper Rallies on Growing Supply Concerns"
Tuesday, December 7, 2010
Copper prices rose to record territory Tuesday, as a weak greenback boosted international investor’s demand.
Continue reading "Copper Surges to New High"
Tuesday, September 29, 2009
By Kishori Krishnan Exclusive To Copper Investing News Copper prices are heading for the first monthly decline this year. On Monday, copper fell in New York to the lowest price in more than five weeks, as an increase in inventory sparked mounting concern that demand is dwindling. Stockpiles in warehouses monitored by the London Metal [...]
Continue reading "Copper Presents Great Opportunity"
Thursday, October 16, 2008
The top mining port in Chile, Antofagasta, has workers striking for a second day in a row. Demands for higher pay and better working conditions are the reasons behind the strike. Workers started their strike at Antofagasta, which serves Chile’s northern mining region, just before midnight on Tuesday, leaving at least one copper shipment delayed [...]
Continue reading "Chile Copper Mine Port Strike"
Monday, September 15, 2008
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 [...]
Continue reading "Lehman catastrophe fails to shake LME copper"
Tuesday, August 19, 2008
BHP Billiton has reached a seventh consecutive profit at $15.4 billion, which is partially due to its annual production records in copper. The company attributes the earnings to high prices and growing demand from emerging economies, posting annual production records in sectors including petroleum, copper, iron ore and manganese ore. Read the complete report here.
Continue reading "BHP Billiton Posts Another Record Profit"
Monday, August 18, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices continued to be on an upswing on Monday, following last week’s selling spree. You may recall that last Wednesday, the red metal had plunged to a six-month low as investors’ economic concern had initiated a rapid sell off of the metal. The low was [...]
Continue reading "Copper price revival continues"
Thursday, July 24, 2008
BHP Billiton plans to put US$327 million based on findings near their Escondida copper mine in Chile. BHP noted that its total production of copper at Escondida is 1.4 million tonnes. Drilling at the prospect, which is called Pampa Escondida, showed that it “contains at least 1 billion tonnes of porphyry-style mineralisation”, BHP said, noting [...]
Continue reading "BHP Big Chile Copper Find"
Wednesday, July 23, 2008
The world’s largest miner, BHP Billiton, had strong quarterly results for copper. The world’s biggest copper mine, Chile’s Escondida, however, sends warning of an impending decline. BHP has been running its mines and refineries around the world hard amid strong demand in China and across much of Asia for raw materials and analysts expect [...]
Continue reading "Copper Output Up"
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Tuesday, January 25, 2011