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.
Telferscot Resources Inc. (CNSX:TFS) reports the completion of its of acquisition of 1830953 Ontario Inc.
Papuan Precious Metals Corporation (CVE:PAU,OTC:PAUFF) reports Bernard Kavanamur is its new vice president or exploration.
Papuan Precious Metals (CVE:PAU,OTC:PAUFF) reports it has received the interpretation report for the New Hanover geophysical survey.
Dorato Resources Inc. (CVE:DRI,OTC:DRIFF,FRA:DO5) reports on drill core assay results from the Cobrecon copper-gold porphyry mine.
The second quarter is China’s peak demand period- it is usually during this time that the world’s top copper consumer stocks up on supplies from the copper market. However, a premium of London vs. Shanghai copper prices has some analysts wondering if China will wait before coming to market.
Copper halted a four-session slump Tuesday as economic concerns eased following a drop in the price of crude oil. On Monday, crude closed at a 29-month high on disruptions in Libya.
Copper climbed to a slightly higher finish Tuesday, recovering from its early day losses due to China’s surprise interest rate hike.
Copper surged to a new record on Tuesday, snapping its recent losing streak as investors poured funds into the red metal on expectations of seasonal strength in china
Copper future rallied on mounting concerns that demand will outpace global supplies by as much as 600,000 tonnes in 2011.
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