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 [...]
By Leia Michele Toovey-Exclusive to Copper Investing News Copper fell for a second day as a stronger dollar made the commodity more expensive for those holding in other currencies; the Dollar Index, a gauge of the currency’s value against six major counterparts, rose for a second day. Further downward impetus came as stockpiling inventories in [...]
Copper surged in London, adding to its longest monthly winning streak in three years, as dwindling inventories of the metal and increased industrial production in Asia suggest demand is strengthening. For full story, click here
India copper futures reversed early losses on Wednesday evening as U.S. stocks pointed to a higher open, reviving hopes of an economic recovery and thereby rising demand for the industrial metal. Aurobinda Prasad, deputy manager-research with Karvy Comtrade in Hyderabad, stated: One of the major reason for higher movement is recovering equity markets. For full [...]
Copper, this year’s best industrial-metal investment, may become the worst in the second quarter as demand slashed the most in three decades. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures closed with moderate losses on Wednesday but pushed into positive territory in after hours trading following the U.S. Federal Reserve’s announcement to purchase long-term Treasury debt. Copper for May delivery finished $0.75 lower at $1.7165 a lb on the New York Mercantile Exchange’s [...]
By Leia Michele Toovey- Exclusive to Copper Investing News The arbitrage window that allows profitable imports of copper from the international market into China snapped closed on Thursday as the gap between Shanghai and London markets narrowed sharply. Half the available copper stock in Asia and 10 per cent of the material in Europe is [...]
Copper, the base metal whose price movements backs the industrial activity, has risen over 12% in a week. Harish Gallipeli, research head, Karvy Comtrade, said: A breakout of a price range caused some technical buying, which was supported by the change in London Metal Exchange (LME) warehouse statistics. For more details, click here
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