US Job Growth Boosts Copper Bulls
Copper hit its highest level in 2012 this week, boosted by strong manufacturing data from China. Steady job growth in the US too is pushing up demand, but downside risks especially in Europe remain.
Articles Tagged "copper demand"
Could US Economic Growth Offset Chinese Copper Demand?
A slowdown in the Chinese economy and a cooling off of its real estate market are weighing down on the global copper market. But a rebound in US growth will only partially offset China’s decreased appetite for the red metal.
Greece Debt Swap Progress Lifts Copper Demand
A step forward in resolving Greece's debt woes has lifted demand for copper, but a setback in the US job market is keeping investors on edge.
US Jobs, Auto Sales Bolster Copper, but Risks Remain
More signs of economic strength in the United States are buoying demand for copper worldwide. Still, downside risks remain, including a rise in energy costs pushing down demand.
Pennies Under Threat as Copper Price Surges
The penny costs more to produce than it is actually worth, and the US Mint is looking to cut back on copper content to keep prices down.
Copper Falters as Greece Fails to Secure More Aid
Copper reached its lowest level in three weeks as Greece failed to secure its second financial aid package.
Copper Traders Leaning Bullish on Demand Forecast
Bloomberg reported that traders are more bullish on copper than they have been for two months.
Lower Jobless Claims Prompt Rise in Copper
Bloomberg reported that an improved joblessness outlook and economic data boosted prices for copper for a third straight day.
Copper Up on Positive Forecast for US Housing Starts
Bloomberg reported that an increase in US housing starts boosted prices for copper.
Copper Futures Down on Slowing Global Manufacturing
Copper futures closed down on Thursday as data pointing toward slowing manufacturing growth put the growth-sensitive red metal under pressure.
