Unclear if U.S copper demand has hit the bottom
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
Articles Tagged "consumption"
Shanghai copper steady
Shanghai copper was steady on Wednesday, shrugging off a 2 percent fall in London prices the previous day, supported by signs of a recovery in Chinese consumption. For ful lstory, click here
Hindalco: Indian Copper consumption to double by 2012
Hindalco Industries forcasted that domestic copper consumption is likely to double by 2012 to 1.1 million tonnes due to increased demand from the power sector. S K Sharma, vice-president, marketing, Hindalco Industries, stated: As such, transformers and wire cables are going to be two major contributors to the domestic copper demand. For full story, click [...]
Jiangxi Copper forecasts demand, output growth
Jiangxi Copper reported that refined copper consumption in China, the world’s major consumer, will soar up in 2009 but growth will slip from 2008. Li Yihuang, president of the group company of Jiangxi Copper, said: I feel this year’s copper consumption growth should very closely track the country’s gross domestic product growth. For full story, [...]
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 [...]
Is this the copper rebound we have been waiting for?
By Leia Michele Toovey- Exclusive to Copper Investing News This week on the London Metal Exchange, the industrial metals rallied. Copper for delivery in three months jumped $525, or 13 per cent, to $4,655 a metric ton. Aluminum advanced 2.7 per cent, nickel 7.8 per cent and zinc 7 per cent. This was a welcome [...]
'Jan-July: Refined copper deficit was 54 000 t'
According to data from the International Copper Study Group (ICSG), global consumption of refined copper exceeded supply by 54 000 t between January and July tin 2008. For full news, click here
Copper's wild ride
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 [...]
As week closes, negative market sentiments extend to copper
By Leia Michele Toovey- Exclusive to Copper Investing News Copper started the week on the upside with the dollar’s decline instigating gains that strong- armed the market catastrophe’s negative sentiment. As the week progressed though, copper futures ended lower as global economic growth concerns and further turmoil in financials weighed on sentiment. Copper prices were [...]
