Copper Falls the Most in Two Weeks
Bloomberg reports that Copper fell the most in almost two weeks in London.
Articles Tagged "commodity"
Economic optimism drives copper to 10 month high
By Leia Michele Toovey- Exclusive to Copper Investing News Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last October, up slightly from Tuesday’s high [...]
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 Leaps on LME inventory draw-down
By Leia Michele Toovey- Exclusive to Copper Investing News Copper climbed the most in over a week as dropping inventories signaled rising demand for the red metal. A huge drawdown in London Metal Exchange inventories provided the strongest boost to copper. Stockpiles monitored by the London Metal Exchange tumbled 2.4 per cent to 480,400 metric [...]
More good times for Copper
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 [...]
Is the bull about to make a comeback?
By Leia Michele Toovey-Exclusive to Copper Investing News Copper’s rapid ascent in 2009 reopened the question- are we there yet? Since the economic crisis started everyone has been seeking the answer to the elusive question- have we hit the bottom? The red metal, considered a barometer of economic health, has rallied 33 per cent so [...]
China’s stimulus shakes copper market fundamentals
By Leia Michele Toovey- Exclusive to Copper Investing News The arbitrage window that allows profitable imports of copper from the international market into China snapped closed on Thursday as the gap between Shanghai and London markets narrowed sharply. Half the available copper stock in Asia and 10 per cent of the material in Europe is [...]
Poor GDP numbers put a dent in copper’s rally
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 [...]
Copper reflects economic sentiment
By Leia Michele Toovey- Exclusive to Copper Investing News Copper is often looked to as a barometer of economic health due to its copious use in building and construction. When an economy is growing, copper use rises exponentially. In the early 2000′s rapid economic growth paved the way for an explosion in demand for the [...]
Analysts bullish on copper
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish. When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to [...]
