Copper Investing News» Codelco

Top Copper Producer Codelco Raises Output Through September

jessica — Fri, 25 Nov 2011 18:54:52 +0000

Bloomberg reported that production at Codelco's mines in Chile is up through September 2011.

Codelco ups 2011 China copper premium 35 pct on demand hopes

Researcher — Mon, 22 Nov 2010 08:14:32 +0000

Reuters reports that Codelco, has hiked its 2011 copper premium for buyers in China by 35 percent.

Lara Options Liberdade Copper Project to Codelco

Researcher — Fri, 22 Oct 2010 05:44:26 +0000

Lara Exploration Ltd. (CVE:LRA) announces that the company has signed an Agreement whereby Codelco do Brasil Mineração Ltd.

Copper Demand to Outpace Supply

Leia — Tue, 20 Jul 2010 19:26:16 +0000

Copper commenced Tuesday in positive territory, extending Monday’s winning streak on the back of the longest run of inventory declines in over a year. Copper is ignoring overall market sentiment as lower than anticipated earnings reports from both Goldman Sachs and IBM wreaked havoc on the American and European stock markets.

Unclear if U.S copper demand has hit the bottom

Reporter — Tue, 31 Mar 2009 16:15:39 +0000

Chile’s No.1 global copper miner Codelco reported that it is still unclear whether U.S. demand for copper has hit bottom, adding Chinese consumption had not fallen. For full story, click here

Codelco obtained a pre-tax profit of $4.968 billion during 2008

Reporter — Wed, 11 Mar 2009 09:33:15 +0000

The Corporación Nacional del Cobre de Chile, Codelco reported that it has obtained a pre-tax profit of US$ 4.968 billion during 2008, with $104 million of that in the last quarter of the year, while the international crisis hurt prices for copper and other company products. For full story, click here

Poor GDP numbers put a dent in copper’s rally

Reporter — Mon, 02 Mar 2009 15:37:25 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses. On [...]

Poor economic data stifles copper’s gains

Reporter — Mon, 09 Feb 2009 04:01:36 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Data released Thursday showing a further deterioration in the manufacturing sector snapped copper’s positive trend. Copper for March delivery shed 3.10 cents to close at $1.50 a lb on the New York Mercantile Exchange’s COMEX division. COMEX copper had gained nearly 7 per cent during the [...]

Copper rally short-lived

Reporter — Mon, 12 Jan 2009 03:54:54 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures started the year on a note of optimism. On January 3, the first day of trading in 2009, copper peaked at US$1.6225, the contract’s highest point since December 2 2008. Copper was just one of the base metals to rally as a result of [...]

Copper demand mirrors economic growth

Reporter — Fri, 21 Nov 2008 04:10:03 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News With copper prices considered a barometer of economic growth, it is no surprise that the metal is having a rough go. Japan and Germany are in a full-fledged recession, and China and the U.S. are in bear markets teetering on the brink. The metal has lost [...]