Copper Q4 Outlook
After rallying aggressively in 2010- analysts and investment firms had very bullish projections for copper’s price outlook for 2011; with forecasts ranging between $11,000 per tonne to 13,000 per tonne.
Articles Tagged "copper demand"
Copper Halts on China’s Falling Export Orders and Global Economy Concerns
Copper halted a two-day rally on Thursday as a fall in China’s export orders and concerns over the health of the global economy weighed down demand prospects.
2011 Copper Trends
As 2011 kicked off, copper prices seemed unstoppable with the red metal continuing its upward trajectory from 2010
Copper Rallies to Two-Month High
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.
Copper and the End of the Seasonal Lull
With the end of the seasonal lull for copper just around the corner, traders are uncertain what direction prices will move come September, when demand typically rebounds.
Labour Disputes Permeate Copper Market
The copper market has continuously been plagued with labour disputes for years, however, this year strikes have been especially prevalent with workers believing that they are entitled to larger pay cheques and benefits as they perceive that their employers are “raking in the cash” on the back of high metals prices.
The Economics of the Scrap Copper Market
Scrap copper is an important source of the red metal. The use of scrap copper is expected to rise in the coming years, as a necessary means to compensate for declining supplies of mined copper.
Yuan’s Ascent Buoys Copper
Despite a deteriorating global economic picture, as of Thursday, copper is on track to post its highest gains since March, as an appreciation in China’s currency overshadowed the financial concerns permeating the Eurozone, and America.
Copper Refining: From Ore to Market
To obtain pure copper, mined rock must go through several processing stages before it is considered market ready.
Copper’s Fall Attracts Bearish Sentiment
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.
