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 bounced on either side of unchanged Monday morning, tracking volatile swings in equities and held hostage by continued uncertainty about global economic recovery prospects. For full story, click here
Copper erased declines in London, after dipping as much as 2.6 percent, as the dollar fell and global equities rallied. For full story, click here
Copper surged in Shanghai for a second day on signs that supply in China in the near-term will remain tight and after gains in oil and equities yesterday boosted demand for commodities as an inflation hedge. Cai Luoyi, analyst at China International Futures, stated: Futures prices were buoyed by high premiums in the cash market, [...]
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
U.S. copper futures declined over 4 percent in early business on Friday as investor risk aversion returned and helped to drag both the metals and equity complexes down. For full story, click here
Copper rose to a more than one week high on Thursday, tracking equities and stronger oil prices, although fears over demand and the global economy remained. For more information, click here
Copper prices ended higher Monday, but off their best levels, as a rebound in the dollar and drop in global equity markets trimmed early gains and helped keep prices pinned near the bottom of their range. For more information, click here
By Leia Michele Toovey- Exclusive to Copper Investing News On Wednesday, U.S. copper futures retreated to a low dating back to July 2005. The price of copper for March delivery traded down to $1.5170, a contract low. The session high was $1.5965 per lb. COMEX estimated copper volume at a light 6,427 lots. Over in [...]
By Leia Michele Toovey- Exclusive to Copper Investing News On the Shanghai Exchange, copper has tumbled 18 per cent this week alone, putting the year’s cumulative losses at 41 per cent. The current price point of copper puts it on par with the level it was at in December 1999. Copper for January delivery dropped [...]
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