Copper Traders Leaning Bullish on Demand Forecast
Bloomberg reported that traders are more bullish on copper than they have been for two months.
Continue reading "Copper Traders Leaning Bullish on Demand Forecast"
Bloomberg reported that traders are more bullish on copper than they have been for two months.
Continue reading "Copper Traders Leaning Bullish on Demand Forecast"
Thursday, December 22, 2011
Bloomberg reported that an improved joblessness outlook and economic data boosted prices for copper for a third straight day.
Continue reading "Lower Jobless Claims Prompt Rise in Copper"
Tuesday, December 20, 2011
Bloomberg reported that an increase in US housing starts boosted prices for copper.
Continue reading "Copper Up on Positive Forecast for US Housing Starts"
Friday, December 2, 2011
Copper futures closed down on Thursday as data pointing toward slowing manufacturing growth put the growth-sensitive red metal under pressure.
Continue reading "Copper Futures Down on Slowing Global Manufacturing"
Tuesday, November 22, 2011
With its Rock Creek mine one step closer to becoming a reality, the outlook for Revett Minerals looks bright in the eyes of analysts and executives.
Continue reading "Revett Minerals Outlook Bright as Environmental Hurdle Lifted"
Tuesday, November 1, 2011
A strike at Freeport McMoRan's Grasberg project in Indonesia has impacted the company's copper output and aided in tightening the copper supply chain as a whole, positioning copper for a price rally.
Continue reading "Freeport Declares Force Majeure, Copper Positioned to Rally"
Thursday, October 13, 2011
After finally experiencing upward momentum earlier in the week, copper prices plunged Thursday, as China reported a shrinking trade surplus, and concerns over the European debt crisis took a bite out of the metal’s demand prospects.
Continue reading "Shrinking Chinese Trade Surplus Thwarts Copper’s Ascent"
Thursday, September 29, 2011
Copper futures ended nearly flat Thursday, supported by some better-than-expected US economic data; however, futures remained under pressure due to the sentiment that the global economy is barreling towards another recession.
Continue reading "Copper Futures Flat due to Economic Uncertainty"
Tuesday, September 27, 2011
Copper prices staged a modest recovery on Monday, gaining 4.4 percent on the COMEX and 4.1 percent on the LME, as investors digested last week’s slide to a 14-month low as an opportunity to bargain hunt.
Continue reading "Copper Recovers on Bargain Hunting"
Thursday, September 22, 2011
On Thursday, copper prices plunged as China’s released a preliminary purchasing manager’s index of 49.4, signalling that the world's largest copper consumers economy is contracting.
Continue reading "Copper Plunges to One-Year Low"
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Thursday, December 22, 2011