While waiting for news on the US financial bailout package copper has dropped another 2 percentage points. Copper prices caught in a spiral of U.S. dollar strength, spreading economic slowdown, and long liquidation – analysts. Read the article here. A strike at Xstrata’s Kidd operations will impact copper cathode production. The London Metal Exchange (LME) [...]
Copper fell on the London Metal Exchange, losing 25 percent this quarter marking it as the worst performance since almost 1986. The S&P GSCI index of 24 commodities has fallen 28 percent. Concerns about financial turmoil impacting growth and demand found copper falling. We’re going to see over the next six months oil and [...]
Fears about global demand growth and weak turnover amongst the majority of investors in the Northern Hemisphere show little change for copper on the London Metal Exchange. People are worried about demand but it is difficult to strip out what is normal seasonal weakness from an overall concern,” said analyst Robin Bhar at Calyon. [...]
US Copper fell again as China, the world’s top copper consumer, confirmed the decreased demand for copper through their June numbers. One has to question if this is the result of weather related issues from earlier in the year, or if it stems from the easing of the global economy, or China’s efforts to slow [...]
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