Copper Investing News» LME

Potential Holding in London Copper Stockpiles Shrinks to 80-89%

Researcher — Wed, 29 Dec 2010 22:00:27 +0000

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.

JP Morgan revealed as mystery trader that bought £1bn-worth of copper on LME

Researcher — Mon, 06 Dec 2010 22:33:46 +0000

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

Researcher — Wed, 10 Nov 2010 00:13:02 +0000

Reuters reports that Copper hit 27-month highs on Tuesday.

Copper on Track to Erase Post Recession Gains

Leia — Tue, 08 Jun 2010 23:48:40 +0000

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

Leia — Wed, 13 Jan 2010 09:21:59 +0000

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

Reporter — Wed, 19 Aug 2009 16:38:30 +0000

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

Reporter — Thu, 30 Jul 2009 04:19:33 +0000

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

Reporter — Mon, 08 Jun 2009 18:49:40 +0000

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

Reporter — Thu, 28 May 2009 02:58:45 +0000

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

Reporter — Fri, 24 Apr 2009 06:54:28 +0000

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 [...]