China’s Manufacturing Slowdown Hampers Copper
A slowdown in Chinese manufacturing is bringing down the price of copper this week, but losses are limited in light of continued gains in the US economy.
A slowdown in Chinese manufacturing is bringing down the price of copper this week, but losses are limited in light of continued gains in the US economy.
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.
Bloomberg reported that an improved joblessness outlook and economic data boosted prices for copper for a third straight day.
Bloomberg reported that an increase in US housing starts boosted prices for copper.
Any uptick in copper on strong US jobs data is seen as temporary as investments to China fall and European debt fears persist.
Reuters reported that copper prices stabilized although weekly losses are expected.
Copper dropped a two-week low Thursday, as the mounting debt crisis in Europe sparked fears of a potential default.
Greece's decision to call off a referendum about the bailout package has given a lift to copper prices, at least for now.
Polar Star Mining Corporation (TSX:PSR) announced the beginning of production at its Chépica epithermal gold-silver-copper mine in central Chile.
The Resource Investing News survey showed a fundamental change in what investors are interested in putting their money into. Since 2009, interest in copper stocks has risen by 28 percent. Remarkably, over the past year, when copper’s rally stalled, there was still an 11 percent gain in interest.
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