CRU announced in its monthly report that most hedge funds by the end of April 2009 will likely have switched from their present short copper investment positions and go long, driving the price up some USD 100 per tonne from the present value of USD 4,230 per tonne. For full story, click here
Continue reading "CRU forecasted copper price surging by $100 per tonne in April"
Friday, February 20, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Copper is often looked to as a barometer of economic health due to its copious use in building and construction. When an economy is growing, copper use rises exponentially. In the early 2000′s rapid economic growth paved the way for an explosion in demand for the [...]
Continue reading "Copper reflects economic sentiment"
Tuesday, February 10, 2009
China, the world’s largest copper user, has also started investing the second round of allocation of funds from its $535-billion stimulus plan. For full story, click here
Continue reading "China investing the second round of allocation of funds"
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Tuesday, April 14, 2009