Copper Plummets as Oil Rises
Copper plummeted the most in three months, Tuesday, over concern that surging oil costs would stall economic growth and dampen demand for the industrial red metal.
Articles Tagged "lme copper"
Copper Pauses ahead of Annual Commodity Index Weighting
Overnight, copper futures on the Shanghai Futures Exchange rose modestly in what was a very quiet trading session, taking cues from the London Metal Exchange and the firming of the euro against the dollar.
Economic Optimism Spurs Copper
Copper futures hit record territory in London Tuesday, buoyed by positive manufacturing data from around the world. Tuesday’s new high was the fifth time in the past seven trading sessions that copper hit a record.
Copper Prices Break Another Record
Copper climbed to a record in New York for a second day as a weaker dollar and increased investor appetite for commodities overshadowed China’s unexpected interest-rate hike.
Copper Hits Record Amid Supply Threats
Copper rose to a record on Tuesday after a gain in China’s imports of the metal increased the demand outlook, amid supply disruptions in top-producer Chile.
Copper Surges to New High
Copper prices rose to record territory Tuesday, as a weak greenback boosted international investor’s demand.
Copper Rises with Economic Optimism
Easing concerns over the state of the global economy sent copper on its first winning streak in months. Monday marked the fourth straight day that the metal was in positive territory. Copper closed last week with the biggest weekly gain in over four months.
Investors Shaky over Copper’s Future.
Dig Media Solutions’ recent survey on investor’s perception of the copper market clearly shows that when it comes to copper, investors are pessimistic over the metal’s future.
Copper on Track to Erase Post Recession Gains
If copper continues down the same path, by week’s end the industrial metal may hit values not seen since the recession. Copper opened Tuesday’s session with volatility, swinging between gains and losses in line with the greenback.
Chinese Demand Woes Plague Copper Market
Copper hit a week low Tuesday, as fears over China’s economic strength prompted selling of base metals. On the LME, copper for delivery in three months was down 3.7 percent to $6,680 per tonne.
