There is a fundamental shift underlying the copper market’s demand dynamics. The United States is losing ground in terms of copper demand, whereas the demand from the emerging markets is skyrocketing.
Reuters reports on copper output growth.
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures fell more than 2 per cent Monday on worries that demand from China, the world’s biggest copper consumer, may slow. Copper for July delivery lost 5.7 cents to close at $2.0885 a pound on the Comex division of the New York Mercantile Exchange. Last [...]
By Leia Michele Toovey – Exclusive to Copper Investing News A refreshed demand picture combined with shrinking supply caused the copper market to show the most positive activity in the past four months. The metal for delivery in three months rose as much as $145, or 1.8 percent, to $8,175 per tonne on the London [...]
By Leia Michele Toovey – Exclusive to Copper Investing News The copper market was a little dull on Monday, as stagnancy arose from the battle of global demand fears and the summer market lull. London LME copper stocks rose 2,575 tonnes to 136,050, putting a lid on prices. However, these stocks are not particularly high; [...]
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