Copper Investing News» deliveries

Copper’s rollercoaster ride

Reporter — Thu, 28 May 2009 02:58:45 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News A battery of economic data pulled copper in every direction this week; U.S. copper futures retreated from a near three week high Wednesday morning, as a mixed report from the housing sector boosted the greenback. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak [...]

More good times for Copper

Reporter — Fri, 03 Apr 2009 05:46:13 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper has rallied 31 per cent in the first quarter of 2009; since December 26, the red metal’s price has increased 47 per cent. This rapid upward swing has earned the metal the title best performer among the 19 raw materials tracked by the RJ/CRB commodity [...]

Copper’s New Year ascent short-lived

Reporter — Tue, 20 Jan 2009 12:33:19 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures were able to hold on to their positive momentum until Thursday’s close, when consistent inventory builds and grim economic data suggested that demand will exert more downside pressure. Copper started the New Year with a bang, but the positive movement was cut short [...]

Copper adds some shine on reports that bears losing grip on market

Reporter — Fri, 12 Dec 2008 03:34:39 +0000

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 [...]

Recession or depression?

Reporter — Fri, 05 Dec 2008 04:30:13 +0000

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 [...]

Is this the copper rebound we have been waiting for?

Reporter — Fri, 31 Oct 2008 03:34:15 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News This week on the London Metal Exchange, the industrial metals rallied. Copper for delivery in three months jumped $525, or 13 per cent, to $4,655 a metric ton. Aluminum advanced 2.7 per cent, nickel 7.8 per cent and zinc 7 per cent. This was a welcome [...]

Lehman catastrophe fails to shake LME copper

Reporter — Tue, 16 Sep 2008 03:20:17 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News On Monday, copper lead gains in metals traded on the London Metal Exchange (LME) as the greenback retreated from its recent stronghold. The dollar’s recent run to new highs against the euro has extended losses for the metals; the recent pullback is getting people back in [...]

Supply threats lend support to copper

Reporter — Fri, 12 Sep 2008 06:39:54 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Wednesday was the first day in five sessions that U.S. copper futures ended up. The change in trend comes after a reduced production outlook from a top producer and an earthquake in northern Chile re-ignited some fears of a shortfall in supply. The price of copper [...]

Shanghai copper declines on talk of large deliveries

Reporter — Tue, 26 Aug 2008 10:46:47 +0000

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