Articles Tagged "copper investing news"

Jitters over China’s Recovery Halt Copper’s Rally

Speculation that the US Federal Reserve will loosen its monetary policy helped copper rally to a new high on Monday. Shanghai copper touched a 27-month peak, with copper for January delivery reaching its highest intraday level since July 2008.

Copper Touches Two Year High

Copper rallied to a two year high on Tuesday, propelled by optimism over the global economic recovery. The two main factors contributing to the red metal’s ascent was the news that Japan unexpectedly lowered interest rates, combined with weakness in the greenback.

Franconia Minerals Completes 2010 Drill Program

Franconia Minerals Corporation (TSE:FRA) reports results from the 2010 drilling program completion at the Birch Lake deposit, Minnesota. All drill holes are located on the margin of the Birch Lake deposit and were stepped out approximately 500 feet from previous holes. Brian Gavin, President and CEO of Franconia Minerals says: “We are very pleased with the results from [...]

Opawica Explorations Inc. announces filing of Atikwa Lake project

Opawica Explorations (TSE:OPW) reports its completion and its filing on SEDAR, a Preliminary Scoping Study, regarding its Atikwa Lake gold and copper project located near Kenora, Ontario. The preliminary economic analysis from the Study indicates positive preliminary economic considerations for an initial 1000 tpd operation consisting of Capital Costs of $9,850,000, sustaining capital of $6,000,000, overall pre-tax cash flow [...]

Nortec Signs Drill Contractors for Seinajoki Gold Project, Finland

Nortec Minerals reports a signed agreement with Finnish based drill contractors to carry out the first pass exploration drill program on its Seinajoki gold project. The nominal 1,000 metre first pass exploration drill programme will focus on one of the five identified targets within the Seinajoki Gold Project. The priority target is the Marttalanniemi prospect in the north [...]

Copper Climbs on Weak Greenback

After hitting a two-week low Monday, copper climbed on Tuesday fueled by a declining greenback. The US dollar is taking a pause in anticipation of this week’s Federal Reserve meeting.