Copper prices were modestly higher on Tuesday, rebounding from an 11 week low, after strong manufacturing data from the United States boosted the outlook for metals demand from the world’s second-largest consumer.
Copper futures retreated Tuesday, as concerns over Chinese growth and a rising greenback scared away risk adverse investors. Further exasperating the situation; the risk adverse investors appear to be flocking to the US dollar.
Nevada Copper (TSX: NCU) announced today that the Preliminary Economic Assessment for the Pumpkin Hollow copper project has been submitted to SEDAR.
Copper futures lost their upward momentum on Tuesday, sending the red metal’s value down across the globe. The sudden stop of the metal’s recent ascent marked the close of copper's fastest rally on record.
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper prices have enjoyed an 80 per cent rally this year- on the back of Chinese State Reserve Bureau (SRB) purchases. Now, signs are pointing to the finality of those purchases. Inventories monitored by the London Metal Exchange posted their first back-to-back weekly gains since February, [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
U.S. copper futures ended lower on Tuesday, after touching nine month highs earlier in the session, as copper climbed for a third day on speculation that the global economy is well on its way to a recovery. The index of leading indicators in the U.S., the world’s [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
A battery of economic data pulled copper in every direction this week; U.S. copper futures retreated from a near three week high Wednesday morning, as a mixed report from the housing sector boosted the greenback. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak US [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper futures fell more than 2 per cent Monday on worries that demand from China, the world’s biggest copper consumer, may slow. Copper for July delivery lost 5.7 cents to close at $2.0885 a pound on the Comex division of the New York Mercantile Exchange. Last Friday, [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses.
On Thursday, LME [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Data released Thursday showing a further deterioration in the manufacturing sector snapped copper’s positive trend.
Copper for March delivery shed 3.10 cents to close at $1.50 a lb on the New York Mercantile Exchange’s COMEX division. COMEX copper had gained nearly 7 per cent during the course of [...]
Tuesday, February 2, 2010
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