Copper Investing News» Freeport-McMoRan

Lundin Announces Successful Completion of Tenke Fungurume Contract Review Process

Researcher — Fri, 22 Oct 2010 07:39:31 +0000

Lundin Mining Corporation (TSE:LUN) announces that the government of the Democratic Republic of Congo and Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) have announced the successful conclusion of the review of Tenke Fungurume Mining's contracts.

Copper’s Ascent Threatened by Growing LME Stockpiles

Reporter — Thu, 30 Jul 2009 04:19:33 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices have enjoyed an 80 per cent rally this year- on the back of Chinese State Reserve Bureau (SRB) purchases. Now, signs are pointing to the finality of those purchases. Inventories monitored by the London Metal Exchange posted their first back-to-back weekly gains since February, [...]

Is the bull about to make a comeback?

Reporter — Fri, 27 Mar 2009 13:05:52 +0000

By Leia Michele Toovey-Exclusive to Copper Investing News Copper’s rapid ascent in 2009 reopened the question- are we there yet? Since the economic crisis started everyone has been seeking the answer to the elusive question- have we hit the bottom? The red metal, considered a barometer of economic health, has rallied 33 per cent so [...]

Is copper poised to take gold’s throne?

Reporter — Fri, 13 Mar 2009 08:10:37 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News As economic malaise spread around the globe; silver and gold stocks became top performers. Worried investors flocked to both metals as a means to safe guard their investments as stocks, bonds and currencies became increasingly volatile. Copper investments were not appealing. Copper, fundamental to the transfer [...]

Poor economic data stifles copper’s gains

Reporter — Mon, 09 Feb 2009 04:01:36 +0000

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 [...]

Freeport-McMoran Copper lays off staff

Reporter — Fri, 06 Feb 2009 10:06:15 +0000

Freeport-McMoran Copper and Gold Inc. laid-off 1,550 workers at its Morenci copper mine this week. 402 other employees were let-go in November. For full story, click here

Analysts warn more losses in store for copper

Reporter — Fri, 30 Jan 2009 03:59:53 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices may slump by more than half this year as the global recession cuts demand. MF Global Ltd., one of 12 companies that trade on the floor of the London Metal Exchange, predicts that the three-month contract may average $3,250 per metric tonne in [...]

Recession or depression?

Reporter — Fri, 05 Dec 2008 04:30:13 +0000

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 [...]

How low can copper go?

Reporter — Fri, 14 Nov 2008 07:09:44 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News With little relief in sight when it comes to the global economic crisis, analysts are expecting further downside for copper. So far this year, COMEX copper prices are down nearly 60 per cent since their record high above $4.00 a lb in July. It is anticipated [...]

Copper joins the base metals slide

Reporter — Fri, 24 Oct 2008 04:55:11 +0000

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 [...]