Copper declined for a third day in London, the worst losing streak in 10 weeks, as a plunge in Japanese exports helped to fan concern that the worst of the world economic slowdown may be still to come. For full story, click here
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 [...]
Copper declined on Monday as more data showed a deepening global recession, but prices in Shanghai looked supported by hopes the Chinese government would keep buying metals to help local smelters ride out slumping demand. For full story, click here
U.S. copper futures declined over 4 percent in early business on Friday as investor risk aversion returned and helped to drag both the metals and equity complexes down. For full story, click here
Chile, the world’s biggest supplier of copper, said its production of the metal declined 2.5 percent in January from a year earlier, as the quality of ore diminished from its aging mines. For full story, click here
China’s imports of refined copper declined 14.7 percent to 180,490 tonnes in January versus 211,527 tonnes in December. For more information, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper started the week on the upside with the dollar’s decline instigating gains that strong- armed the market catastrophe’s negative sentiment. As the week progressed though, copper futures ended lower as global economic growth concerns and further turmoil in financials weighed on sentiment. Copper prices were [...]
Shanghai copper futures declined 1 percent on Tuesday as rumours of a big delivery of refined metal into China offset concerns about limited domestic stockpiles. A local spot trader said: Market talk of tens of thousands of tonnes of copper arriving weighed on prices during the morning session. For more information, click here
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