Size of Chinese Copper Stockpiles Not Promising
Reuters reported that China's metals warehouses are so full that copper is being stockpiled in car parks, a bad sign for global metals prices and an indication that China's growth may not continue.
Articles Tagged "China"
Copper Gains as Greece Secures EFSF Bailout, but Worries Remain
Copper is holding steady following the European Financial Stability Facility's scheduled Greek bailout payment. Nonetheless, political as well as economic uncertainties are prevailing across Europe, and coupled with a decline in copper demand from China, are likely to keep copper from making any significant gains.
Copper Decreases on Chinese Exports
MarketWatch reported that copper prices went down after an important Chinese copper smelter said it will start exporting copper to alleviate global shortages.
Afghan Copper Potential Lures Investors Worldwide
Afghanistan’s political future remains uncertain, but there is no doubt about its copper wealth. The Afghan government is eager to learn from the best practices of major mining groups, but competition to tap into the country’s copper riches is heating up among miners both large and small.
2012 Copper Q1 Market Trends and Outlook
While steady US economic growth and improved sentiment about Europe’s prospects have improved overall market sentiment, China continues to hold the key to determining copper prices on global markets. Chinese appetite for the red metal may be cooling off slightly, but demand worldwide is expected to remain steady, as are prices.
Copper Range-Bound as US Growth, China Risks Assessed
More strong US economic data is keeping the bulls content, but worries about Chinese demand is keeping the red metal range-bound this week.
Could US Economic Growth Offset Chinese Copper Demand?
A slowdown in the Chinese economy and a cooling off of its real estate market are weighing down on the global copper market. But a rebound in US growth will only partially offset China’s decreased appetite for the red metal.
China’s Manufacturing Slowdown Hampers Copper
A slowdown in Chinese manufacturing is bringing down the price of copper this week, but losses are limited in light of continued gains in the US economy.
US Economic Data Bolsters Copper Despite China Risks
Stronger US manufacturing and job growth are pushing up demand for copper even though Chinese demand may falter as the real estate sector cools down.
Copper Mining in Africa
International interest in African copper is on the rise, particularly in South Africa, Zambia, and the Congo, despite a rise in the price of copper and increased scrutiny of mining activities from African governments.
