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. For full story, click here
Continue reading "Shanghai Copper slipped as Economy Worries Linger"
Thursday, June 25, 2009
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. For full story, click here
Continue reading "London Copper slipped 1.6% after Fed, Shanghai has cut"
Thursday, April 9, 2009
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. For full story, click here
Continue reading "Copper slipped in Asia amidst renewed concern about economy"
Friday, March 13, 2009
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 [...]
Continue reading "Is copper poised to take gold’s throne?"
Monday, March 2, 2009
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 [...]
Continue reading "Poor GDP numbers put a dent in copper’s rally"
Tuesday, February 24, 2009
Rio Tinto Group puts proposed copper and nickel mine, Kennecott Eagle mine project, on hold due to bad economy. For more information, click here
Continue reading "Kennecott Eagle mine project on hold by Rio"
Friday, February 20, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Copper is often looked to as a barometer of economic health due to its copious use in building and construction. When an economy is growing, copper use rises exponentially. In the early 2000′s rapid economic growth paved the way for an explosion in demand for the [...]
Continue reading "Copper reflects economic sentiment"
Sunday, February 8, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Data released Thursday showing a further deterioration in the manufacturing sector snapped copper’s positive trend. Copper for March delivery shed 3.10 cents to close at $1.50 a lb on the New York Mercantile Exchange’s COMEX division. COMEX copper had gained nearly 7 per cent during the [...]
Continue reading "Poor economic data stifles copper’s gains"
Thursday, January 29, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices may slump by more than half this year as the global recession cuts demand. MF Global Ltd., one of 12 companies that trade on the floor of the London Metal Exchange, predicts that the three-month contract may average $3,250 per metric tonne in [...]
Continue reading "Analysts warn more losses in store for copper"
Thursday, December 11, 2008
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 [...]
Continue reading "Copper adds some shine on reports that bears losing grip on market"
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Wednesday, July 8, 2009