Copper for March delivery on the New York Mercantile Exchange’s Comex division dropped 11.55 cents (U.S.), or 7.5 per cent, to settle at a two-week low $1.4230 a pound. For full story, click here
Continue reading "Copper for March delivery dropped 11.55 cents"
Tuesday, February 17, 2009
Copper crumbled to a two-week low Tuesday, pulled down by a stronger U.S. dollar and record-low U.S. manufacturing data that ignited a wave of risk aversion across the broader complex. For full story, click here
Continue reading "Copper crumbles to two-week low"
Friday, January 30, 2009
Copper has plunged by more than 60 percent since a record high of $8,940 a tonne last July. Prices started to fall in the second half of last year as the market priced in a realisation that China may not be able to offset falling demand from the United States, the world’s largest economy. For [...]
Continue reading "Copper has plunged by more than 60 % since last July"
Friday, January 30, 2009
Copper prices buckled on Thursday as a massive jump in inventories intensified fears about falling demand particularly from China, the world’s largest consumer of the industrial metal. For full story, click here
Continue reading "Copper tumbles, sentiment crushed by stock build"
Monday, January 26, 2009
Copper price dropped by USD 130 per tonne to USD 3,090 per tonne due to the oversupply problem. For full story, click here
Continue reading "Copper price dropped by USD 130 per tonne"
Saturday, January 24, 2009
Three-months copper on the London Metal Exchange MCU3 fell to $3,055 a tonne, the lowest price since Jan. 2, before rising to $3,270 a tonne. It ended at $3,251 from $3,090 at the close. For full story, click here
Continue reading "Three-months copper falls on LME"
Friday, December 26, 2008
At the LME, copper for three-month delivery fell 25 dollar to 3,565 dollar a tonne after slipping nearly one per cent. For full story, click here
Continue reading "Copper for three-month delivery fell"
Tuesday, December 16, 2008
At the LME, copper for three-month delivery fell 25 dollar to 3,565 dollar a tonne after slipping nearly one per cent yesterday. For full story, click here
Continue reading "Copper for three-month delivery fell 25 dollar"
Wednesday, December 3, 2008
Copper futures reversed early gains and fell on profit-booking as gloom returned to the markets and worries over dwindling demand heightened, analysts said. For full story, click here
Continue reading "Copper falls on profit-booking"
Friday, November 28, 2008
Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 8 percent in the week to Thursday, while aluminium stocks fell 1 percent. In LME. For full story, click here
Continue reading "Copper inventories fell 8 percent"
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Tuesday, February 17, 2009