By Leia Michele Toovey- Exclusive to Copper Investing News Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last October, up slightly from Tuesday’s high [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures rose Friday after government data showed the U.S. lost much fewer jobs last month than expected, fueling hopes for an economic recovery. Copper steadied on Thursday, gaining support from rising equities and a weaker dollar, after the metal plunged just before close on Wednesday. [...]
By Leia Michele Toovey- Exclusive to Copper Investing News A battery of economic data pulled copper in every direction this week; U.S. copper futures retreated from a near three week high Wednesday morning, as a mixed report from the housing sector boosted the greenback. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak [...]
Zambia Copper Investments announced completion of a subscription agreement with African Copper, rasing its stake in the copper-miner to 82 percent. For full story, click here
African Copper plc. reference is made to the Company’s announcement dated 16 April 2009, in which shareholders were told that the Company had received an offer of finance from Zambia Copper Investments Limited. For full story, click here
Zambia Copper Investments, whose primary asset was until last year a 28.4% holding in KCM Copper Mines, on Tuesday declared that it had revised the terms of its binding offer of finance to African Copper, a global exploration and development company. 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 [...]
By Leia Michele Toovey-Exclusive to Copper Investing News Copper’s rapid ascent in 2009 reopened the question- are we there yet? Since the economic crisis started everyone has been seeking the answer to the elusive question- have we hit the bottom? The red metal, considered a barometer of economic health, has rallied 33 per cent so [...]
Owen Hegarty, the former chief executive officer of Oxiana Ltd., is looking to raise funds for copper and gold acquisitions in Asia and Australia and may seek to sell shares in his investment fund within two years. For full story, click here
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