Copper prices reversed earlier losses and extended gains into the close on Friday, after stronger-than-expected employment data in the United States sparked renewed optimism about the economic outlook. David Thurtell, analyst at Citigroup, stated: The numbers are very encouraging. For full story, click here
India copper futures eased on Thursday in tune with overseas markets, where economic concerns weighed on the red metal along with profit-booking. For full story, click here
India copper futures have edged lower for a second day on Friday weighed by a strong rupee along with overseas leads, but may recover later in the session on brightening economic outlook. For full story, click here
Nevada Copper (TSE:NCU) reported today that the resource estimate for their deposit in western Nevada has jumped again. The new resource estimate includes 9.3 billion pounds copper, 1.45 million ounces gold and almost 55 million ounces of silver. These amounts are in the measured, indicated and inferred resource categories. This is the second major update [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures hit a one-month high above $2.40 per lb Wednesday morning, as a rally in equities restored confidence in the global economy. Equities rallied as data showed better-than-expected manufacturing and industrial production. Additional impetus to copper’s rally came by way of dollar weakness, and [...]
U.S. copper futures settled lower Friday has weighed down by a firmer dollar and persistent concerns about the pace of economic recovery. For full story, click here
U.S. copper futures ended down on Monday, but bounced from their lows as chart-based buying near key technical support levels helped offset earlier losses tied to concerns about the strength of the economic recovery. For full story, click here
India copper futures have edged lower on Friday on renewed concerns of a speedy economic recovery after weaker-than-expected U.S. jobs data. For full story, click here
London-listed Chilean copper miner Antofagasta PLC. declared there are grounds for optimism that the international economic slump has bottomed out and sees signs that copper supplies may not meet demand in future years. Chairman Jean-Paul Luksik stated: When worldwide demand recovers its normal rate of growth, a shortfall in mine supply could again develop. We [...]
India’s copper futures traded steady on Wednesday evening after having gained more than 1 percent earlier in the session on the back of a weak dollar and brightening economic outlook. For full story, click here
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