Hopes High for Copper Fighting Hospital Infections
Copper's antimicrobial properties is slashing infections rates in hospitals and may heat up the copper market further.
Copper's antimicrobial properties is slashing infections rates in hospitals and may heat up the copper market further.
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.
The first shipment of copper concentrates from Copper Mountain Mining’s (TSX:CUM) mine has made it to the Onahama port in Japan, a key milestone, for the first new copper mine to open in the Province of British since 1998.
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.
Nevada Copper Corp. (TSE:NCU) announced management addition and an update on the progress of its underground shaft contractor selection for its Pumpkin Hollow property, Nevada.
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.
Virgin Metals Inc. (CVE:VGM) announced an update of the ongoing work at their projects located in Sonora, Mexico.
Excalibur Resources Ltd. (CNQ:XBR) reported that it has finalized non-brokered flow-through and non flow-through private placements for total proceeds of $718,000.
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.
CMC Metals Ltd. (CVE:CMB) announced that the 2011 bulk sample ore will be prepared for shipment by the end of this week.
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