By Leia Michele Toovey- Exclusive to Copper Investing News This week on the London Metal Exchange, the industrial metals rallied. Copper for delivery in three months jumped $525, or 13 per cent, to $4,655 a metric ton. Aluminum advanced 2.7 per cent, nickel 7.8 per cent and zinc 7 per cent. This was a welcome [...]
Continue reading "Is this the copper rebound we have been waiting for?"
Friday, October 17, 2008
Base metals fell as demand concerns offset firm equities. Industrial metals rose early on Friday but there is still a strong fear about recession. A strong close for U.S. equities on Thursday, with the Dow Jones industrial average .DJI up more than 4 percent, helped underpin stock markets in Europe and Asia. Read the [...]
Continue reading "Industrial Metals Eye Equities"
Thursday, August 14, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News Copper joined the pack in the mid-week revival of base metal prices. On Tuesday, the red metal hit a 6-month low of $7,150 a tonne with the frenzied sell off of commodities. However, profit-taking since then on short covering purchases, and higher oil has turned the price [...]
Continue reading "Short covering purchases revive copper"
Tuesday, August 12, 2008
By Leia Michele Toovey- Exclusive for Copper Investing News Friday marked the kick-off of the Beijing Olympics, a milestone that has been long anticipated by the market. India’s copper futures opened with little change on Monday as rising stocks and shrinking demand continued to cap the upside. Early morning, the benchmark August copper on the Multi [...]
Continue reading "Beijing Kick-off does little to Rally Copper"
Tuesday, August 5, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News On Monday, copper futures extended their losses across all markets. On the MCX-copper futures fell 3.22 percent. On the New York Mercantile Exchange COMEX, US copper futures tumbled to a five month low with copper for September delivery HGU8 slipping 3.3 percent to $3.4595 per [...]
Continue reading "Copper Futures Extend Last Week’s Loss"
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Thursday, October 30, 2008