Copper futures retreated Tuesday, as concerns over Chinese growth and a rising greenback scared away risk adverse investors. Further exasperating the situation; the risk adverse investors appear to be flocking to the US dollar.
Continue reading "Chinese Growth Concerns Thwart Copper"
Wednesday, January 6, 2010
Copper earned topped honours as the best performing investment for 2009, and the metal extended its ascent into the new year, reaching a 16-month high on Monday. The New Year’s run was fuelled by a looming strike at the Chuquicamata mine in Chile.
Continue reading "Copper Claims Top Honours"
Friday, December 4, 2009
The Indonesian unit of Freeport McMoran Copper & Gold Inc (FCX.N) reports that the company expects its copper production to be steady next year.
Continue reading "Freeport McMoran reports steady 2010 copper output"
Friday, September 12, 2008
The two small bombs that exploded near Freeport-McMoRan Copper & Gold Inc.‘s Grasberg mine did not affect the operations. “There are no victims and Freeport operations are running normally,” Pangaribuan said. “Police are investigating the cause of the explosions.” Find the complete article here. The Grasberg mine is thought to be the world’s third largest [...]
Continue reading "Freeport Indonesia Hit by Two Explosions"
Friday, September 12, 2008
Expectations of increased demand from China have supported the rise of copper once again, taking it to a one-week high despite analysts’ warnings that global economic weakness will thwart any sustainable recovery. The metal used widely in the power and construction industries is down about 20 percent since hitting a record high of $8,940 a tonne in [...]
Continue reading "Copper Rose to One-Week High"
Thursday, September 11, 2008
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 [...]
Continue reading "Supply threats lend support to copper"
Wednesday, September 10, 2008
Problems at their Grasberg mine led Freeport-McMoRan to reduce its production output, which further fueled supply concerns and led to copper’s 7-1/2 month low rebounding. China’s import data remains unclear. Freeport-McMoRan Copper & Gold Inc (FCX.N: Quote, Profile, Research, Stock Buzz) said on Wednesday it is lowering its 2008 copper and gold production outlook, due to an [...]
Continue reading "Copper Rebounds After 7-1/2 Month Low"
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Tuesday, January 26, 2010