Articles Tagged "LME"

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.

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.

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 [...]