By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures fell more than 2 per cent Monday on worries that demand from China, the world’s biggest copper consumer, may slow. Copper for July delivery lost 5.7 cents to close at $2.0885 a pound on the Comex division of the New York Mercantile Exchange. Last [...]
Continue reading "Demand worries stall copper’s climb"
Thursday, April 2, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Copper has rallied 31 per cent in the first quarter of 2009; since December 26, the red metal’s price has increased 47 per cent. This rapid upward swing has earned the metal the title best performer among the 19 raw materials tracked by the RJ/CRB commodity [...]
Continue reading "More good times for Copper"
Friday, October 10, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News It has been a volatile week for copper prices. On Wednesday, copper tumbled to its lowest price since March 2006 over concern of a global recession. Three-month copper on the London Metal Exchange (LME) closed at US$5,240 per tonne. Later on Wednesday, the U.S. Federal Reserve, European [...]
Continue reading "Copper's wild ride"
Monday, September 22, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News Copper rallied to a one week high on Monday as uncertainty over the U.S. banking bailout dropped the American currency in comparison to the yen and euro. Further positive sentiment was extended as stocks fell in Asian warehouses, suggesting a pick-up of demand in China. Extra [...]
Continue reading "Copper rallies as bailout leaves uncertain future for US dollar"
Thursday, August 21, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News US copper was pushed to a two-week high on early Thursday trading, as a decline in the American currency made dollar-dominated commodities more attractive to investors. Signs that China, the world’s biggest user of the metal, may have a refreshing demand picture as the Olympics [...]
Continue reading "Copper still in a bull market?"
Thursday, August 14, 2008
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 [...]
Continue reading "Short covering purchases revive copper"
Wednesday, July 23, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News Copper moved up early week, influenced by a change in the metal’s supply/demand balance. Tuesday’s NYSE copper session prices spanned from $3.6595 to $3.7450/ lb, the contract’s highest level since July 15. By Wednesday noon, copper hit a high of $3.850/ lb. In India, on [...]
Continue reading "Copper Prices Ascend"
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Tuesday, May 12, 2009