Copper Investing News» industrial metals

Copper rebounds on China’s Industrial data

Leia — Tue, 14 Jun 2011 21:55:02 +0000

Copper futures rebounded Tuesday, as better-than-expected Chinese industrial production and US retail sales data boosted the red metal’s demand prospects.

Copper, Silver Gain on Strong Economic Report

Researcher — Sat, 18 Dec 2010 04:14:14 +0000

ABC News reports that Copper and silver prices are climbing as a strong economic report is sparking hope that demand for industrial metals will grow next year.

Copper Surges to New High

Leia — Tue, 07 Dec 2010 22:53:49 +0000

Copper prices rose to record territory Tuesday, as a weak greenback boosted international investor’s demand.

Copper rallies after Fed Statement, to Hit 2009 Peak

Reporter — Fri, 14 Aug 2009 02:54:09 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper held steady early Wednesday, in anticipation of the Fed’s statement, but following the announcement that the U.S. economy is “leveling out,” and the central banks as pledge to keep interest rates low for an “extended period” copper rose to a fresh 2009 high. Copper for [...]

Economic optimism drives copper to 10 month high

Reporter — Thu, 06 Aug 2009 06:02:33 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last October, up slightly from Tuesday’s high [...]

Copper’s Ascent Threatened by Growing LME Stockpiles

Reporter — Thu, 30 Jul 2009 04:19:33 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices have enjoyed an 80 per cent rally this year- on the back of Chinese State Reserve Bureau (SRB) purchases. Now, signs are pointing to the finality of those purchases. Inventories monitored by the London Metal Exchange posted their first back-to-back weekly gains since February, [...]

Backwardation hits LME copper market

Reporter — Fri, 24 Apr 2009 06:54:28 +0000

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 [...]

Poor GDP numbers put a dent in copper’s rally

Reporter — Mon, 02 Mar 2009 15:37:25 +0000

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 [...]

Analysts warn more losses in store for copper

Reporter — Fri, 30 Jan 2009 03:59:53 +0000

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 [...]

Recession or depression?

Reporter — Fri, 05 Dec 2008 04:30:13 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News On Wednesday, U.S. copper futures retreated to a low dating back to July 2005. The price of copper for March delivery traded down to $1.5170, a contract low. The session high was $1.5965 per lb. COMEX estimated copper volume at a light 6,427 lots. Over in [...]