Articles Tagged "exchange"

India copper futures lower on surging LME inventory

India copper futures cuts back the previous day’s gains on Wednesday as higher inventory in the London Metal Exchange pressured the red metal. Pranav Mer, an analyst with India Infoline in Mumbai, stated: Currently, it is just profit-taking at resistance levels. For full story, click here

Poor economic data stifles copper’s gains

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 [...]

Copper adds some shine on reports that bears losing grip on market

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 [...]

Recession or depression?

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 [...]

Copper demand mirrors economic growth

By Leia Michele Toovey- Exclusive to Copper Investing News With copper prices considered a barometer of economic growth, it is no surprise that the metal is having a rough go.  Japan and Germany are in a full-fledged recession, and China and the U.S. are in bear markets teetering on the brink. The metal has lost [...]

Copper joins stock market rally

By Leia Michele Toovey- Exclusive to Copper Investing News Monday Oct 13 2008 is a day that will go down in history. This day, which was also Canadian Thanksgiving, and Columbus Day in the US, was the first day in a long time that the markets gained significant upward momentum. Oct 13 was a record [...]

Copper's wild ride

By Leia Michele Toovey- Exclusive to Copper Investing News It has been a volatile week for copper prices. On Wednesday, copper tumbled to its lowest price since March 2006 over concern of a global recession. Three-month copper on the London Metal Exchange (LME) closed at US$5,240 per tonne. Later on Wednesday, the U.S. Federal Reserve, European [...]