Revett Minerals Outlook Bright as Environmental Hurdle Lifted
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.
Articles Tagged "copper demand"
Freeport Declares Force Majeure, Copper Positioned to Rally
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.
Shrinking Chinese Trade Surplus Thwarts Copper’s Ascent
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.
Copper Futures Flat due to Economic Uncertainty
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.
Copper Recovers on Bargain Hunting
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.
Copper Plunges to One-Year Low
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.
Copper Hovers around Nine-Month Lows
Copper prices continued to hover around nine-month lows following the release of more negative economic data and IMF cutback.
Copper Rises as ECB Promises to Aid Banks
Copper prices closed near nine-month lows on Wednesday, but rebounded on Thursday as concerns over the Eurozone’s debt crisis eased.
Copper Price Up in Wake of Greek Default Fears
Copper plunged to a one-month low on Monday, as fears that Greece would default on its debt permeated the markets.
Copper Range-bound ahead of Obama’s Speech
Copper futures edged down half a percentage point in early trading Thursday, however, trading volumes were thin as traders adapted a wait-and-see approach ahead of anticipated statements by Federal Reserve chairman Ben Bernanke and President Barack Obama for further insight into the state of the US economy.
