The bidding war for African Copper this week took another major turn when Natasa Mining Ltd. warned that should shareholders of the troubled mining outfit decide otherwise at the planned EGM, they risk losing their investments. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper climbed the most in over a week as dropping inventories signaled rising demand for the red metal. A huge drawdown in London Metal Exchange inventories provided the strongest boost to copper. Stockpiles monitored by the London Metal Exchange tumbled 2.4 per cent to 480,400 metric [...]
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 Copper has rallied 31 per cent in the first quarter of 2009; since December 26, the red metal’s price has increased 47 per cent. This rapid upward swing has earned the metal the title best performer among the 19 raw materials tracked by the RJ/CRB commodity [...]
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 [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses. On [...]
Base metals will continue to remain upbeat on positive outlook for investment in infrastructure and consumer durables, the two major users of base metals. For full story, click here
China, the world’s largest copper user, has also started investing the second round of allocation of funds from its $535-billion stimulus plan. For full story, click here
Mr Kim Shin jong president of Korea Resources Corporation has promised to bring it into the ranks of the world’s top 20 mining and resource development companies by investing heavily in uranium and copper mines in Africa and South America. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures started the year on a note of optimism. On January 3, the first day of trading in 2009, copper peaked at US$1.6225, the contract’s highest point since December 2 2008. Copper was just one of the base metals to rally as a result of [...]
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