Copper Traders Leaning Bullish on Demand Forecast
Bloomberg reported that traders are more bullish on copper than they have been for two months.
Bloomberg reported that traders are more bullish on copper than they have been for two months.
Reuters reported that copper prices remained steady to end a week of increases.
Bloomberg reported that copper prices fell while investors continued to wait for information on the European bailout.
Bloomberg reported that Shanghai plans to lower trading costs by increasing storage for copper and aluminum.
Investors buying low jumped US copper futures by 3%. Copper was also supported by a weakening US dollar and the rise of the euro. Copper for December delivery HGZ8 was trading up 3.80 cents, or 1.6 percent, at $2.3930 a lb by 10:29 a.m. EDT (1429 GMT) on the New York Mercantile Exchange’s COMEX division. [...]
The US intends a risky assets plan that hasn’t seemed to impact the bear market and found copper gaining. Copper gained as the US dollar fell. Demand remains a concern with a 19-month inventory high. LONDON, Sept 19 (Reuters) – Copper jumped more than 6 percent on Friday as the dollar fell and a [...]
Copper Mountain Mining Corporation will have their common shares and common share purchase warrants trading on the Toronto Stock Exchange (TSX) at opening on September 19, 2008 using the symbol CUM and CUM.WT. As a result of this graduation, there will be no further trading under the symbol “CUM” and “CUM.WT” on TSX Venture Exchange after market close [...]
Get our independent commentary on copper trends and companies delivered to your inbox.