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 2009. 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 host the [...]
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 as negative [...]
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 moved up [...]
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 cent. Is [...]
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 relief, [...]
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 cent [...]
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 breaking [...]
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 Central Bank [...]
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 [...]
Thursday, January 29, 2009
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