Potential Holding in London Copper Stockpiles Shrinks to 80-89%
Businessweek reports that the potential share of London Metal Exchange copper stockpiles held by one unidentified company fell to 80 percent to 89 percent, from at least 90 percent.
Articles Tagged "LME"
JP Morgan revealed as mystery trader that bought £1bn-worth of copper on LME
The Daily Telegraph reports that JP Morgan is the mystery trader that grabbed more than half the copper on the London Metal Exchange.
Copper hits 27-month top
Reuters reports that Copper hit 27-month highs on Tuesday.
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.
Rising Stockpiles Halt Copper’s Rally
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.
Shanghai Copper Slipped 3%, LME Dipped on Equity Slip
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
Copper’s Ascent Threatened by Growing LME Stockpiles
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, [...]
Job data keeps copper in positive territory
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. [...]
Copper’s rollercoaster ride
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 [...]
Backwardation hits LME copper market
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 [...]
