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 [...]
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
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 [...]
Rio Tinto reported that metals prices are unlikely to rebound during 2009 on account of a large stock and production capacity overhang despite an expected improvement in demand over the course of the year. For instance, London Metal Exchange copper prices more than halved, and have since been trading below US$4,000 a metric ton. The [...]
India copper futures edged lower on Thursday on account of an increase in inventory levels at London Metal Exchange and further pressured by a firm rupee. LME copper stocks surged by 2,450 tonnes to 504,325 tonnes on Thursday. Vishal Maniyar, an analyst with Karvy Comtrade in Hyderabad, stated: The main factor pressuring copper is increase [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses. On [...]
On the London Metal Exchange, however, copper prices are likely to rise to $3,800 a tonne from the current level of $3,545. For full story, click here
LME copper jumped 14.32 per cent to $3,545. For full story, click here
LME copper jumped 14.32 per cent to $3,545. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices may slump by more than half this year as the global recession cuts demand. MF Global Ltd., one of 12 companies that trade on the floor of the London Metal Exchange, predicts that the three-month contract may average $3,250 per metric tonne in [...]
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