By Leia Michele Toovey- Exclusive to Copper Investing News Copper sat in relative limbo as investors focussed on the government’s proposed financial bailout plan. On India’s Multi Commodity Exchange, the MCX, futures were steady with an upside bias as a week dollar and rising crude extended support. The upside, however, was capped by bailout uncertainties. Thursday’s benchmark November [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper rallied to a one week high on Monday as uncertainty over the U.S. banking bailout dropped the American currency in comparison to the yen and euro. Further positive sentiment was extended as stocks fell in Asian warehouses, suggesting a pick-up of demand in China. Extra [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper started the week on the upside with the dollar’s decline instigating gains that strong- armed the market catastrophe’s negative sentiment. As the week progressed though, copper futures ended lower as global economic growth concerns and further turmoil in financials weighed on sentiment. Copper prices were [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Wednesday was the first day in five sessions that U.S. copper futures ended up. The change in trend comes after a reduced production outlook from a top producer and an earthquake in northern Chile re-ignited some fears of a shortfall in supply. The price of copper [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended positive on Wednesday as bargain hunters took advantage of lower prices following declines in the red metal triggered by a strengthening U.S. currency. The dollar surged to its highest level against the euro since January amid growing expectations that the American economy [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper eased on Thursday as concerns of lack of demand overshadowed Wednesday’s dollar fuelled gains. The benchmark August copper on the Multi Commodity Exchange of India was down 0.79 per cent at Rs 331.65 per kg. Copper for delivery in three months on the London Metal [...]
By Leia Michele Toovey- Exclusive to Copper Investing News With the close of the Olympics last Sunday, the globe can now focus on metals beyond bronze, silver and gold. A metal that is a barometer for economic health - copper - is sure to at the centre of attention. Olympic host country China consumes over a quarter of the world’s [...]
By Leia Michele Toovey- Exclusive for Copper Investing News Friday marked the kick-off of the Beijing Olympics, a milestone that has been long anticipated by the market. India’s copper futures opened with little change on Monday as rising stocks and shrinking demand continued to cap the upside. Early morning, the benchmark August copper on the Multi [...]
By Leia Michele Toovey – Exclusive to Copper Investing News On Tuesday, liquidation pushed copper to a six- month low to below $3.40 per lb in the New York Futures COMEX division trade. The end of market announcement of the Federal Reserve decision to keep interest rates steady at 2 per cent helped copper gain some. But analysts [...]
Overview Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia. The project hosts a measured and indicated resource of 1.4 billion tonnes containing 7.7 billion pounds of copper, 8.1 million ounces of gold, 69.4 million ounces of silver, and 584 million pounds of molybdenum, [...]
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