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 A battery of economic data pulled copper in every direction this week; U.S. copper futures retreated from a near three week high Wednesday morning, as a mixed report from the housing sector boosted the greenback. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper climbed the most in over a week as dropping inventories signaled rising demand for the red metal. A huge drawdown in London Metal Exchange inventories provided the strongest boost to copper. Stockpiles monitored by the London Metal Exchange tumbled 2.4 per cent to 480,400 metric [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper has rallied 31 per cent in the first quarter of 2009; since December 26, the red metal’s price has increased 47 per cent. This rapid upward swing has earned the metal the title best performer among the 19 raw materials tracked by the RJ/CRB commodity [...]
Get our independent commentary on copper trends and companies delivered to your inbox.
