On Tuesday, copper futures extended Monday’s losses as data indicating weaker than anticipated US consumer confidence weighed on sentiment. On Monday night, copper futures closed down for the first time in five sessions as a firmer greenback halted the red metal’s rally.
Continue reading "Dropping Consumer Confidence Takes a Bite out of Copper"
Tuesday, February 9, 2010
On Tuesday, easing concerns over euro-zone debt spelled relief for copper, and the metal rallied for the second day in a row.
Continue reading "Euro-zone Debt Concerns Guide Copper Market"
Wednesday, January 6, 2010
Copper earned topped honours as the best performing investment for 2009, and the metal extended its ascent into the new year, reaching a 16-month high on Monday. The New Year’s run was fuelled by a looming strike at the Chuquicamata mine in Chile.
Continue reading "Copper Claims Top Honours"
Monday, November 2, 2009
Global consumption for the red metal slipped 1.3% in the first 7 months of 2009 as compared to the corresponding period last year. Concerns continue for copper.
Continue reading "Copper Concerns Continue"
Thursday, July 10, 2008
Despite a lull in the United States, Vivek Tupule, of Rio Tinto expects to see new record highs this year due to China’s continued economy growth. Vivek Tupule is the chief economist for Rio Tinto, which is the world’s second largest miner according to market capitalisation. “Supplies remain constrained and there’s scope for demand pick [...]
Continue reading "Rio Tinto Expects Copper to Rise"
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Tuesday, February 23, 2010