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.
Bloomberg reports that Copper will lead a rally in base metals into 2011.
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures rose Friday after government data showed the U.S. lost much fewer jobs last month than expected, fueling hopes for an economic recovery. Copper steadied on Thursday, gaining support from rising equities and a weaker dollar, after the metal plunged just before close on Wednesday. [...]
By Leia Michele Toovey- Exclusive to Copper Investing News This week, a slew of bad news zapped copper’s recent rally. Copper fell in London on concerns about demand for the industrial metal after the International Monetary Fund said the global economy will shrink this year. Copper for delivery in three months lost $36.25, or 0.8 [...]
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 [...]
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 [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Now that the U.S. election is over, the economy is back in the spotlight. Earlier this week, pre-election excitement sent the economy on an ascent; following the election, the markets tracked back their gains. On Wednesday, copper, considered a key indicator of economic health, was down five per [...]
Copper rose almost 10 percent before retracing after the global actions of banks to recapitalize. Numbers dropped again as concerns remain about the economy. Copper’s recovery may well continue based on equity markets remaining on a roll. Based on (recent) dollar strength and a deteriorating macro outlook, most base metals have been absolutely smashed and have gone [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Monday Oct 13 2008 is a day that will go down in history. This day, which was also Canadian Thanksgiving, and Columbus Day in the US, was the first day in a long time that the markets gained significant upward momentum. Oct 13 was a record [...]
Top consumer China is expected to resume its demand for copper after the Beijing Olympics. While this is a typical season for factories to be shut down for repairs and maintenance the Chinese government also reduced manufacturing activity further leading up to and during the Olympic games so as to improve the air quality. Consuming [...]
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