Copper Futures Down on Slowing Global Manufacturing
Copper futures closed down on Thursday as data pointing toward slowing manufacturing growth put the growth-sensitive red metal under pressure.
Articles Tagged "investing in copper"
Copper Futures Lifted by Bullish US Data, Eurozone Debt Action Plan
Copper futures were volatile on Tuesday, but closed higher for the second-straight day as better-than-expected US consumer confidence data and a relative calm tone in the European markets overshadowed a disappointing home sales data.
Zambia Copper Mines Caught Between Miners and Chinese Investors
Copper is key to Zambia's economic success, which needs Chinese investors. But workers are being abused at Zambia's Chinese-operated mines.
Freeport Declares Force Majeure, Copper Positioned to Rally
A strike at Freeport McMoRan's Grasberg project in Indonesia has impacted the company's copper output and aided in tightening the copper supply chain as a whole, positioning copper for a price rally.
Shrinking Chinese Trade Surplus Thwarts Copper’s Ascent
After finally experiencing upward momentum earlier in the week, copper prices plunged Thursday, as China reported a shrinking trade surplus, and concerns over the European debt crisis took a bite out of the metal’s demand prospects.
Copper Futures Flat due to Economic Uncertainty
Copper futures ended nearly flat Thursday, supported by some better-than-expected US economic data; however, futures remained under pressure due to the sentiment that the global economy is barreling towards another recession.
Copper Recovers on Bargain Hunting
Copper prices staged a modest recovery on Monday, gaining 4.4 percent on the COMEX and 4.1 percent on the LME, as investors digested last week’s slide to a 14-month low as an opportunity to bargain hunt.
Copper Plunges to One-Year Low
On Thursday, copper prices plunged as China’s released a preliminary purchasing manager’s index of 49.4, signalling that the world's largest copper consumers economy is contracting.
Copper Hovers around Nine-Month Lows
Copper prices continued to hover around nine-month lows following the release of more negative economic data and IMF cutback.
Copper Rises as ECB Promises to Aid Banks
Copper prices closed near nine-month lows on Wednesday, but rebounded on Thursday as concerns over the Eurozone’s debt crisis eased.
