By Kishori Krishnan Exclusive To Copper Investing News
Copper prices are heading for the first monthly decline this year. On Monday, copper fell in New York to the lowest price in more than five weeks, as an increase in inventory sparked mounting concern that demand is dwindling.
Stockpiles in warehouses monitored by the London Metal Exchange rose [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper held steady early Wednesday, in anticipation of the Fed’s statement, but following the announcement that the U.S. economy is “leveling out,” and the central banks as pledge to keep interest rates low for an “extended period” copper rose to a fresh 2009 high.
Copper for September delivery [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last October, up slightly from Tuesday’s high of [...]
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, [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
U.S. copper futures hit a one-month high above $2.40 per lb Wednesday morning, as a rally in equities restored confidence in the global economy. Equities rallied as data showed better-than-expected manufacturing and industrial production.
Additional impetus to copper’s rally came by way of dollar weakness, and data [...]
By Leia Michele Toovey-Exclusive to Copper Investing News
Copper fell for a second day as a stronger dollar made the commodity more expensive for those holding in other currencies; the Dollar Index, a gauge of the currency’s value against six major counterparts, rose for a second day. Further downward impetus came as stockpiling inventories in China [...]
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 per [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper climbed the most in over a week as dropping inventories signaled rising demand for the red metal. A huge drawdown in London Metal Exchange inventories provided the strongest boost to copper. Stockpiles monitored by the London Metal Exchange tumbled 2.4 per cent to 480,400 metric tonnes, [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper has rallied 31 per cent in the first quarter of 2009; since December 26, the red metal’s price has increased 47 per cent. This rapid upward swing has earned the metal the title best performer among the 19 raw materials tracked by the RJ/CRB commodity index.
Copper’s [...]
Copper traded back above $4,000 at the London Metal Exchange on Monday morning on account of surging demand from China.
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Tuesday, September 29, 2009
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