Tag Archive | "investing news"

Analysts warn more losses in store for copper

Thursday, January 29, 2009

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 [...]

Analysts bullish on copper

Thursday, January 22, 2009

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’s New Year ascent short-lived

Tuesday, January 20, 2009

By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures were able to hold on to their positive momentum until Thursday’s close, when consistent inventory builds and grim economic data suggested that demand will exert more downside pressure.  Copper started the New Year with a bang, but the positive movement was cut short [...]

Copper adds some shine on reports that bears losing grip on market

Thursday, December 11, 2008

By Leia Michele Toovey- Exclusive to Copper Investing News Volatile copper prices fell more than 2 per cent before turning positive on Thursday.  The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 [...]

Is America’s choice of a president to blame for post-election stock market blues?

Thursday, November 6, 2008

By Leia Michele Toovey- Exclusive to Copper Investing News Now that the U.S. election is over, the economy is back in the spotlight. Earlier this week, pre-election excitement sent the economy on an ascent; following the election, the markets tracked back their gains. On Wednesday, copper, considered a key indicator of economic health, was down five per [...]

Is this the copper rebound we have been waiting for?

Thursday, October 30, 2008

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 [...]

Poor economic data causes copper crash

Thursday, October 16, 2008

By Leia Michele Toovey- Exclusive to Copper Investing News After the week started on a good note, on Wednesday a Fed warning that the U.S. economy still faces significant threats and bleak U.S economic data led Wall Street to its worst day since the 1987 stock market crash. Copper dropped as much as 8 per [...]

Copper joins stock market rally

Monday, October 13, 2008

By Leia Michele Toovey- Exclusive to Copper Investing News Monday Oct 13 2008 is a day that will go down in history. This day, which was also Canadian Thanksgiving, and Columbus Day in the US, was the first day in a long time that the markets gained significant upward momentum. Oct 13 was a record [...]

Copper's wild ride

Friday, October 10, 2008

By Leia Michele Toovey- Exclusive to Copper Investing News It has been a volatile week for copper prices. On Wednesday, copper tumbled to its lowest price since March 2006 over concern of a global recession. Three-month copper on the London Metal Exchange (LME) closed at US$5,240 per tonne. Later on Wednesday, the U.S. Federal Reserve, European [...]

Copper Then and Now

Wednesday, June 25, 2008

Demand for refined copper has been steadily rising for more than a century. The International Copper Study Group (ICSG), an intergovernmental organization that serves to increase copper market transparency and promote international discussion on issues related to copper, estimates the demand for copper in 1900 was 495,000 metric tonnes. Come 2006, demand had increased to [...]

Copper Price Chart
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