Copper took a tumble as Wednesday's EU finance ministers' meeting was canceled, renewing fears about the Eurozone debt crisis.
Copper prices closed near nine-month lows on Wednesday, but rebounded on Thursday as concerns over the Eurozone’s debt crisis eased.
Copper plunged to a one-month low on Monday, as fears that Greece would default on its debt permeated the markets.
Fresh data suggesting that the US economy may hold up in the face of global economic uncertainty sent copper futures to a two-week high on Thursday.
While most traders and investment banking firms have repeatedly shrugged off weaknesses in the copper market as purely sentiment, without fundamental support, Societe Generale has bucked the trend and as in now saying that they are not very optimistic about near-term copper prices.
Telferscot Resources Inc. (CNSX:TFS) reports the completion of its of acquisition of 1830953 Ontario Inc.
Mindoro Resources Ltd. (CVE:MIO,ASX:MDO,FRA:WKN 906167) reports copper-gold results from its Pan de Azucar project.
By Leia Michele Toovey- Exclusive to Copper Investing News Now that the U.S. election is over, the economy is back in the spotlight. Earlier this week, pre-election excitement sent the economy on an ascent; following the election, the markets tracked back their gains. On Wednesday, copper, considered a key indicator of economic health, was down five per [...]
Probe Mines Limited has begun sampling of their remaining peridotite found on the McFaulds West property. The preliminary assay results for the McFauld’s West core samples are very encouraging and suggest that the peridotite on the McFauld’s West property has the potential to host PGE mineralization in addition to other metals, such as nickel [...]
Alexis Minerals Corporation has discovered copper-rich massive sulphide zones in the Louvicourt Mine in Val D’Or, Quebec. The massive sulphide horizon sits directly above a substantial 54.0 metre-wide, alteration and copper-rich stringer sulphide zone in a classical association that characterizes many Volcanogenic Massive Sulphide (VMS) Deposits in the region. Find the complete article here. [...]
Tuesday, October 25, 2011