Copper, Zinc Lead Industrial Metal Slump on China Demand Concern
Bloomberg reports that Copper prices fell the most in four months on concern that China will act to slow its economy, eroding demand for metals.
Articles Tagged "China demand"
Copper in limbo over government bailout
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 [...]
China Copper Need Set to Rise
With the closing of China’s Olympic Games it is still a question as to whether the world’s largest copper user will begin restocking their copper supply. Lower prices may increase demand, however slowed economic growth may decrease demand. The recent narrowing of the spread of higher London Metal Exchange prices over Shanghai Futures Exchange prices [...]
Industrial Metals Boosted
Copper is riding a three week high and an increase of almost four percent due to increasing oil and a falling dollar. Industrial metals have recently been hostage to moves in currency markets as a weak dollar makes dollar-denominated metals cheaper for local currency holders. Analysts say that on a technical basis, copper couuld rally [...]
