Copper, commonly called an economic “bellwether” due to its many uses in industry and commerce, has not escaped the eye of the informed investor. Often overlooked in favor of gold, silver and other precious metals, copper prices have soared since hitting the recessionary bottom in late 2008.
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 [...]
India copper futures reported to trade lower on Monday, following global leads, where a strong dollar pressured the red metal. Somnath Dey, in-charge metals and energy research in Noida, stated: Copper should see more downside on profit-booking later in the session. For full story, click here
By Leia Michele Toovey-Exclusive to Copper Investing News Copper’s rapid ascent in 2009 reopened the question- are we there yet? Since the economic crisis started everyone has been seeking the answer to the elusive question- have we hit the bottom? The red metal, considered a barometer of economic health, has rallied 33 per cent so [...]
Copper rose to two-week high in New York futures trade on Thursday, as a weaker dollar, upbeat equity markets, and a big drawdown in London stockpiles offset grim data from the labor, manufacturing, and housing sectors of the economy. For full story, click here
Copper rallied nearly 5 percent and lifted other industrial metals on Monday due to weakened dollar improved sentiment after a report that the U.S. government could enhance its stake in Citigroup. For more information, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices fell to the lowest in almost four years on concern that the deepening global recession will reduce metal demand through next year. Copper prices have plunged 55 per cent this year, heading for a record annual decline. Copper futures for March delivery slipped 0.4 [...]
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 [...]
Copper pared losses as a sharply weaker dollar offset concerns about metal demand. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News With copper prices considered a barometer of economic growth, it is no surprise that the metal is having a rough go. Japan and Germany are in a full-fledged recession, and China and the U.S. are in bear markets teetering on the brink. The metal has lost [...]
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