Copper gains on expectations that the Federal Reserve will keep rates low until 2014 in order to keep the US economy's path to recovery on even keel.
The still-sluggish economy will challenge copper producers in 2012, but they continue to race to raise output as demand is seen to outstrip supply.
A Papua New Guinea island is looking for independence, and the wealth of its copper mine is critical to the movement.
Any uptick in copper on strong US jobs data is seen as temporary as investments to China fall and European debt fears persist.
With its Rock Creek mine one step closer to becoming a reality, the outlook for Revett Minerals looks bright in the eyes of analysts and executives.
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.
Copper tumbled as the once red-hot Chinese economy slows down and Eurozone worries persist.
Hopes for an improved outlook for the US economy, coupled with higher hopes for the euro zone to resolve its debt crisis, is leading copper to surge.
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.
Friday, January 27, 2012