India copper futures edged lower on Friday on continued profit-taking, as investors awaited U.S. jobs data to gauge the health of the U.S. economy.
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By Leia Michele Toovey- Exclusive to Copper Investing News
Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last October, up slightly from Tuesday’s high of [...]
Chilean President Michelle Bachelet declared that the price surge of the international copper is a clear signal that the world economy is recovering.
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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 data [...]
Shanghai copper closed weaker, but off two-week lows on Wednesday when talk of a second U.S. government stimulus plan stoked concerns about the fate of the global economy.
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London copper slipped 1.6 percent on Thursday and Shanghai futures trimmed gains after the
Federal Reserve said the U.S. economy will remain weak for some time, rekindling demand worries.
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Copper slipped in Asia as some investors deemed the recent climb to a five-month high as excessive amid the renewed concern about financial slump.
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By Leia Michele Toovey- Exclusive to Copper Investing News
As economic malaise spread around the globe; silver and gold stocks became top performers. Worried investors flocked to both metals as a means to safe guard their investments as stocks, bonds and currencies became increasingly volatile. Copper investments were not appealing. Copper, fundamental to the transfer of [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses.
On Thursday, LME [...]
Rio Tinto Group puts proposed copper and nickel mine, Kennecott Eagle mine project, on hold due to bad economy.
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Friday, August 7, 2009
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