Copper Plunges on Bearish Data
An onslaught of negative data hit the copper market Tuesday sending the red metal down in early trading.
Articles Tagged "COMEX"
Copper Rebounds
Bloomberg reports that Copper prices in London rebounded from the biggest loss in six months.
AQM Copper Inc. Intercepts 184m of 0.53% Cu and 0.07 g/t Au
AQM Copper Inc. (CVE:AQM) announces more positive drill results from the Zafranal project.
U.S. copper trims losses after Fed easing statement
Reuters reports that U.S. copper futures trimmed losses as the dollar stumbled after the Federal Reserve said it would buy $600 billion of longer-term Treasuries by the end of the second quarter of 2011.
Copper Rises Most in Week as Chinese Manufacturing Accelerates
Businessweek.com reports that Copper prices in New York rose the most in a week .
Rising Stockpiles Halt Copper’s Rally
Copper futures lost their upward momentum on Tuesday, sending the red metal’s value down across the globe. The sudden stop of the metal’s recent ascent marked the close of copper's fastest rally on record.
Copper’s Ascent Threatened by Growing LME Stockpiles
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, [...]
Stonger greenback puts the brakes on copper's rally
By Leia Michele Toovey-Exclusive to Copper Investing News Copper fell for a second day as a stronger dollar made the commodity more expensive for those holding in other currencies; the Dollar Index, a gauge of the currency’s value against six major counterparts, rose for a second day. Further downward impetus came as stockpiling inventories in [...]
Copper’s rollercoaster ride
By Leia Michele Toovey- Exclusive to Copper Investing News A battery of economic data pulled copper in every direction this week; U.S. copper futures retreated from a near three week high Wednesday morning, as a mixed report from the housing sector boosted the greenback. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak [...]
Demand worries stall copper’s climb
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 [...]
