Copper edged higher as inventories dip
Copper edged higher toward near six-month highs on Wednesday as dipping inventories offset weaker equity markets. For full story, click here
Articles Tagged "inventories"
Copper reported mixed sentiments in market
Copper stepped high as firmer global equity markets and a weaker dollar underpinned sentiment, while another steep decline in inventories helped to keep prices buoyed near their November highs. For full story, click here
Is copper poised to take gold’s throne?
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 [...]
China’s stimulus shakes copper market fundamentals
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 [...]
Analysts bullish on copper
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish. When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to [...]
Copper prices ignore rate cut
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices fell to the lowest in almost four years on concern that the deepening global recession will reduce metal demand through next year. Copper prices have plunged 55 per cent this year, heading for a record annual decline. Copper futures for March delivery slipped 0.4 [...]
Recession or depression?
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 [...]
Copper Steady After declining to 3-Year Low as Inventories up
Copper did not change much in New York after earlier declining to the lowest price in three years as inventories of the metal climbed to the highest since 2004. For full story, click here
Copper prices slumped almost 9 percent
Copper was down nearly 9 % as inventories were up and the US dollar weighed after the US election. Charles Cooper, mining analyst at Evolution Securities, said: By and large it’s going to be dollar driven. We’re seeing the copper price and some of the other metal prices following that trend. We’re facing a global [...]
Copper in limbo over government bailout
By Leia Michele Toovey- Exclusive to Copper Investing News Copper sat in relative limbo as investors focussed on the government’s proposed financial bailout plan. On India’s Multi Commodity Exchange, the MCX, futures were steady with an upside bias as a week dollar and rising crude extended support. The upside, however, was capped by bailout uncertainties. Thursday’s benchmark November [...]
