By Leia Michele Toovey- Exclusive to Copper Investing News It has been a volatile week for copper prices. On Wednesday, copper tumbled to its lowest price since March 2006 over concern of a global recession. Three-month copper on the London Metal Exchange (LME) closed at US$5,240 per tonne. Later on Wednesday, the U.S. Federal Reserve, European [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper sat in relative limbo as investors focussed on the government’s proposed financial bailout plan. On India’s Multi Commodity Exchange, the MCX, futures were steady with an upside bias as a week dollar and rising crude extended support. The upside, however, was capped by bailout uncertainties. Thursday’s benchmark November [...]
By Leia Michele Toovey- Exclusive to Copper Investing News With the close of the Olympics last Sunday, the globe can now focus on metals beyond bronze, silver and gold. A metal that is a barometer for economic health - copper - is sure to at the centre of attention. Olympic host country China consumes over a quarter of the world’s [...]
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