By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures fell more than 2 per cent Monday on worries that demand from China, the world’s biggest copper consumer, may slow. Copper for July delivery lost 5.7 cents to close at $2.0885 a pound on the Comex division of the New York Mercantile Exchange. Last [...]
Vedanta Resources Plc. declared that copper is around $4,000 a metric ton looked reasonable in the current economic situation, but cautioned that it remained difficult to predict prices. For full story, click here
Copper futures surged by 1.37 per cent in afternoon trade on the Multi Commodity Exchange today largely in tandem with a firming global trend on the back of positive economic data from China and the US. For full story, click here
Copper surged to its highest level in six months in New York futures trade Monday morning, as dipping inventory levels and signs of economic recovery in China, the world’s leading copper consumer. For full story, click here
India copper futures reversed early losses on Wednesday evening as U.S. stocks pointed to a higher open, reviving hopes of an economic recovery and thereby rising demand for the industrial metal. Aurobinda Prasad, deputy manager-research with Karvy Comtrade in Hyderabad, stated: One of the major reason for higher movement is recovering equity markets. For full [...]
Copper dips on Monday, losing grip of its 5-month highs as a drop in equities put pressure on the economic and demand outlooks, offsetting optimism about purchasing from China. For full story, click here
A sharp rise in the price of copper this month flies in the face of recent gloom about economic growth and may indicate the recession might not be as deep or long as originally feared. For full story, click here
Zambian copper production hilked more than a third in the first two months of 2009 and prospects for continued output growth were good despite some mines having shut due to the economic crisis. Bank of Zambia Governor Caleb Fundanga stated: The signs that we are seeing in the economy are positive. Although some mines have [...]
Jiangxi Copper was up 3.6 percent at HK$7.30 as global copper prices soared on hopes of an early economic recovery in China. For full story, click here
Kinbauri made a public appearnce today that it has filed a revised Preliminary Economic Assessment for it’s 100% owned El Valle/CarlTs project on Sedar. A surge in revenue, cash flow and Net Present Value above those previously reported by Kinbauri is mainly a result of previously unrecognized copper to be recovered. For full story, click [...]
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