India’s copper futures eased on Tuesday on profit-taking after climbing about 5 percent in the previous five sessions. Navneet Damani, an analyst with Anand Ratihi Commodities in Mumbai, said: Copper is in corrective mode and may touch 197 rupees later in the session. For full story, click here
Supported by overseas markets, India copper futures traded slightly higher on Thursday, but the upside was limited due to a strong rupee. Kunal Shah, an analyst with Nirmal Bang Commodities in Mumbai, said: Copper would trade in a range of 192-199.50 and would require further triggers for direction. For full story, click here
India copper futures edged lower on Thursday on account of an increase in inventory levels at London Metal Exchange and further pressured by a firm rupee. LME copper stocks surged by 2,450 tonnes to 504,325 tonnes on Thursday. Vishal Maniyar, an analyst with Karvy Comtrade in Hyderabad, stated: The main factor pressuring copper is increase [...]
Base metals were sluggish on Monday in futures trade as speculators turned on to book profits at prevailing improved prices after gaining in the past week in tandem with the global trend. Copper prices had surged by nearly 10 per cent during the past week. Mr Harish Galipeli, head of research, Karvy Comtrade, said: Despite [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses. On [...]
U.S. copper futures declined over 4 percent in early business on Friday as investor risk aversion returned and helped to drag both the metals and equity complexes down. For full story, click here
Copper futures surged largely in tandem with global markets after the dollar weakened even as demand worries continued due to deepening global recession. For full story, click here
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 [...]
Copper futures were flat on Thursday tracking overseas leads, but weak fundamentals would continue to weigh on the red metal, analysts said. Harish Galipelli, head of research at Karvy Commodities, said: We expect the red metal to trade sideways with a negative bias on weak fundamantals. For full story, click here
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
Get our independent commentary on copper trends and companies delivered to your inbox.
