Copper futures fell more than 2 percent on Tuesday, as continuing uncertainty over the health of the global economy and the subsequent demand for industrial metals pressured prices, analysts said. For full story, click here
Copper futures edged higher as a cut to record-low US interest rates by the Federal Reserve sent the dollar reeling, but worries about the world economic picture kept gains in check. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Volatile copper prices fell more than 2 per cent before turning positive on Thursday. The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 [...]
By Leia Michele Toovey- Exclusive to Copper Investing News On Wednesday, U.S. copper futures retreated to a low dating back to July 2005. The price of copper for March delivery traded down to $1.5170, a contract low. The session high was $1.5965 per lb. COMEX estimated copper volume at a light 6,427 lots. Over in [...]
Nippon Mining Holdings Inc, Japan’s top copper producer, said it is thinking of curbing copper output by 10-20 percent due to weak demand, which it said would be its first deliberate cut in at least 10 years. For full story, click here
China cut interest rates, reviving speculation of a rebound in economic growth that may spur demand for industrial metals. Copper gained $40 to $3,735 a tonne. For full story, click here
The company said said it doesn’t plan to cut output or fire workers because prices would need to fall by a further 46 percent for the company’s mines to lose money. For full story, click here
Freeport-McMoRan Copper & Gold Inc announced tht it is cutting more than 600 jobs at its U.S. For full story, click here
Freeport continues to review its copper mining operations and is likey to reduce copper output in response to market conditions. For full story, click here For company’s website, click here
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