By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures closed with moderate losses on Wednesday but pushed into positive territory in after hours trading following the U.S. Federal Reserve’s announcement to purchase long-term Treasury debt. Copper for May delivery finished $0.75 lower at $1.7165 a lb on the New York Mercantile Exchange’s [...]
Continue reading "Wave of optimism spreads over copper market"
Friday, March 13, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News As economic malaise spread around the globe; silver and gold stocks became top performers. Worried investors flocked to both metals as a means to safe guard their investments as stocks, bonds and currencies became increasingly volatile. Copper investments were not appealing. Copper, fundamental to the transfer [...]
Continue reading "Is copper poised to take gold’s throne?"
Wednesday, March 11, 2009
Zambia, Africa’s biggest copper producer, is in talks with the International Monetary Fund for loans of about $200 million to help boost its foreign currency reserves after prices for the metal dipped. Zambia’s central bank Governor, Caleb Fundanga, stated: Our balance of payments position has deteriorated quite considerably. For full story, click here
Continue reading "Zambia in talks with IMF for $200 million loan to boost reserves"
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Friday, March 20, 2009