Copper Investing News» concentrates

Backwardation hits LME copper market

Mike Rodger — Fri, 24 Apr 2009 06:54:28 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News This week, a slew of bad news zapped copper’s recent rally. Copper fell in London on concerns about demand for the industrial metal after the International Monetary Fund said the global economy will shrink this year. Copper for delivery in three months lost $36.25, or 0.8 [...]

Poor economic data stifles copper’s gains

Mike Rodger — 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 [...]

Analysts warn more losses in store for copper

Mike Rodger — Fri, 30 Jan 2009 03:59:53 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices may slump by more than half this year as the global recession cuts demand. MF Global Ltd., one of 12 companies that trade on the floor of the London Metal Exchange, predicts that the three-month contract may average $3,250 per metric tonne in [...]

Copper’s New Year ascent short-lived

Mike Rodger — Tue, 20 Jan 2009 12:33:19 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures were able to hold on to their positive momentum until Thursday’s close, when consistent inventory builds and grim economic data suggested that demand will exert more downside pressure. Copper started the New Year with a bang, but the positive movement was cut short [...]

Swiss trader to buy copper concentrates from TVI

Mike Rodger — Wed, 12 Nov 2008 20:47:54 +0000

Switzerland-based MRI Trading AG will purchase copper concentrates produced by the Zamboanga-based unit of Canadian miner TVI Pacific, Inc. in the next five years. For full story, click here For TVI Pacific’s website, click here

Copper joins stock market rally

Mike Rodger — Tue, 14 Oct 2008 04:17:24 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Monday Oct 13 2008 is a day that will go down in history. This day, which was also Canadian Thanksgiving, and Columbus Day in the US, was the first day in a long time that the markets gained significant upward momentum. Oct 13 was a record [...]

Copper's wild ride

Mike Rodger — Fri, 10 Oct 2008 07:40:14 +0000

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 [...]