Copper Rallies to Two-Month High
Fresh data suggesting that the US economy may hold up in the face of global economic uncertainty sent copper futures to a two-week high on Thursday.
Fresh data suggesting that the US economy may hold up in the face of global economic uncertainty sent copper futures to a two-week high on Thursday.
Paragon Minerals Corporation (CVE:PGR) reports an update on its continued drilling activities on its South Tally Pond volcanogenic massive sulphide project, Newfoundland, Canada.
With the end of the seasonal lull for copper just around the corner, traders are uncertain what direction prices will move come September, when demand typically rebounds.
Petmin Ltd (JNB:PET) and partner, Red Crescent Resources (CVE:RCB) reports positive results from Sivas copper project exploration activity during May to July 2011.
Despite a deteriorating global economic picture, as of Thursday, copper is on track to post its highest gains since March, as an appreciation in China’s currency overshadowed the financial concerns permeating the Eurozone, and America.
As a metal that does not easily degrade or lose its chemical and physical properties, copper is amenable to recycling. Because of this, recycled copper is sometimes considered when calculating world coppers reserves. But can the scrap copper market help support the growing demand for the red metal?
There is a renewed interest in Cyprus’ copper deposits due to record high copper prices, and an improvement in mining technology.
Alix Resources Corp. (CVE:AIX,FRA:37N) and Caribou Copper Resources (CVE:CKR) report work has started on the Vault property.
Highbank Resources Ltd. (CVE:HBK,FRA:V7O) reports its survey of the Tap Block claims on the Highland Valley property.
Excalibur Resources Ltd. (CNQ:XBR) reports that it has re-priced a previously announced private placement.
Get our independent commentary on copper trends and companies delivered to your inbox.