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.
Continue reading "Copper on Track to Erase Post Recession Gains"
Wednesday, January 13, 2010
Copper futures lost their upward momentum on Tuesday, sending the red metal’s value down across the globe. The sudden stop of the metal’s recent ascent marked the close of copper's fastest rally on record.
Continue reading "Rising Stockpiles Halt Copper’s Rally"
Wednesday, August 19, 2009
Copper prices slipped on Wednesday, with Shanghai futures shedding more than 3 percent and London dipped by 2 percent under pressure from a slide in Chinese equities. For full story, click here
Continue reading "Shanghai Copper Slipped 3%, LME Dipped on Equity Slip"
Wednesday, July 29, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices have enjoyed an 80 per cent rally this year- on the back of Chinese State Reserve Bureau (SRB) purchases. Now, signs are pointing to the finality of those purchases. Inventories monitored by the London Metal Exchange posted their first back-to-back weekly gains since February, [...]
Continue reading "Copper’s Ascent Threatened by Growing LME Stockpiles"
Monday, June 8, 2009
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. [...]
Continue reading "Job data keeps copper in positive territory"
Wednesday, May 27, 2009
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 [...]
Continue reading "Copper’s rollercoaster ride"
Thursday, April 23, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News This week, a slew of bad news zapped copper’s recent rally. Copper fell in London on concerns about demand for the industrial metal after the International Monetary Fund said the global economy will shrink this year. Copper for delivery in three months lost $36.25, or 0.8 [...]
Continue reading "Backwardation hits LME copper market"
Friday, April 10, 2009
The 28% surge in copper over the past one month to $4,500 a tonne levels on LME has failed to cheer small and mid-sized manufacturers and traders in the local spot market. Rohit Shah, partner, Suraj Extrusion, and past president of BME, stated: I had contracted copper cathodes at $6,500 a tonne, and even though [...]
Continue reading "Copper price rally failed to cheer traders"
Monday, March 23, 2009
Copper traded back above $4,000 at the London Metal Exchange on Monday morning on account of surging demand from China. For full story, click here
Continue reading "LME copper traded above $4,000"
Friday, March 20, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures closed with moderate losses on Wednesday but pushed into positive territory in after hours trading following the U.S. Federal Reserve’s announcement to purchase long-term Treasury debt. Copper for May delivery finished $0.75 lower at $1.7165 a lb on the New York Mercantile Exchange’s [...]
Continue reading "Wave of optimism spreads over copper market"
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Tuesday, June 8, 2010