Copper Prices Retreat; KGHM Bids for Quadra FNX
European copper producer KGHM announced on Tuesday its acquisition of Canadian copper miner Quadra FNX.
Articles Tagged "copper price"
Copper Futures Down on Slowing Global Manufacturing
Copper futures closed down on Thursday as data pointing toward slowing manufacturing growth put the growth-sensitive red metal under pressure.
Copper Futures Lifted by Bullish US Data, Eurozone Debt Action Plan
Copper futures were volatile on Tuesday, but closed higher for the second-straight day as better-than-expected US consumer confidence data and a relative calm tone in the European markets overshadowed a disappointing home sales data.
Freeport Declares Force Majeure, Copper Positioned to Rally
A strike at Freeport McMoRan's Grasberg project in Indonesia has impacted the company's copper output and aided in tightening the copper supply chain as a whole, positioning copper for a price rally.
Copper Slumps on China’s Slowdown, Eyes on EU Meeting
Copper tumbled as the once red-hot Chinese economy slows down and Eurozone worries persist.
Copper Thieves Persist; Lawmakers Respond
There has been a recent surge in scrap-metal thieves attempting to cash in on copper's worth. As the recent price weakness may correct and attract more crime, the market is preparing, and lawmakers are cracking down.
Copper Futures Flat due to Economic Uncertainty
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.
Excalibur Finalizes Private Placement Financing
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.
Copper Range-bound ahead of Obama’s Speech
Copper futures edged down half a percentage point in early trading Thursday, however, trading volumes were thin as traders adapted a wait-and-see approach ahead of anticipated statements by Federal Reserve chairman Ben Bernanke and President Barack Obama for further insight into the state of the US economy.
Copper and the End of the Seasonal Lull
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.
