Reuters declared that slip in Chinese copper imports may be enough to trigger a slip in prices in August but the metal’s medium term outlook still looks bright. But some are concerned that such high prices in an economic recession threaten future demand. For full story, click here
Reuters declared that slipping Chinese copper imports may be enough to trigger a slip in prices in August but the metal’s medium term outlook still looks bright. But some are concerned that such high prices in an economic recession threaten future demand. For full story, click here
China’s refined copper imports were active in June due to more arrivals of contracted material. For full story, click here
India copper futures recovered partly on Thursday, supported by surging equity markets, along with comforting statements from the Chinese central bank. Praveen Singh, an analyst with Sharekhan Commodities, stated: Prices are supported by stock markets and Chinese central bank’s statement. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices have enjoyed an 80 per cent rally this year- on the back of Chinese State Reserve Bureau (SRB) purchases. Now, signs are pointing to the finality of those purchases. Inventories monitored by the London Metal Exchange posted their first back-to-back weekly gains since February, [...]
Xinhua declared that Yunnan Copper Company Limited will privately place 300 million new shares to surge about CNY 6 billion. For full story, click here
Nevada Copper (TSE:NCU) announced Friday that Zhongtiaoshan Non-ferrous Metals Group (ZTS) has agreed to a $2 million debenture subject to the approval of the Toronto Stock Exchange. ZTS is a Chinese state-owned enterprise that has mined, refined and processed copper since 1956. The debenture can be converted at $1.00 per share which is a 77% premium [...]
India’s copper futures has opened down on Monday on worries Chinese restocking could soon ease with a record level of imports in May, probably the peak for the year. For full story, click here
Fees that Chinese copper smelters receive for treating and refining spot foreign concentrates have slipped more than 70 percent since January on strong demand for material. For full story, click here
Copper surged, capping weekly gains in London and New York, as Chinese imports of the metal climbed to a record and inventories continued to dip. Stockpiles of copper in warehouses monitored by the London Metal Exchange fell for a 12th day. For full story, click here
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