Copper Settles after Week of Gains
Reuters reported that copper prices remained steady to end a week of increases.
Articles Tagged "London Metal Exchange"
Copper Surges as Optimism Prevails
Hopes for an improved outlook for the US economy, coupled with higher hopes for the euro zone to resolve its debt crisis, is leading copper to surge.
Copper Snaps Four-Session Slump
Copper halted a four-session slump Tuesday as economic concerns eased following a drop in the price of crude oil. On Monday, crude closed at a 29-month high on disruptions in Libya.
Copper Slips on Crude, Boosted by U.S. Auto Sales
Copper fell from a one-week high early Tuesday, as surging energy costs and inflation in China threatened to slow demand for the red metal.
Copper Drops as Inflation Concerns Grow
Copper dropped from record highs in New York and London over concerns that lofty prices would dampen demand, and inflationary pressures in China would encourage the country to undertake aggressive monetary tightening, resulting in a decrease in the country’s demand for base metals.
Copper Declines on India’s Rate Hike
Copper futures declined Tuesday morning, back-tracking from Monday’s gains as traders were skeptical over the state of the economic recovery. On the COMEX, March copper tumbled 2.3 percent, to $4.25 a pound. Copper ended up for a second consecutive day on Monday, as market sentiment focused on dwindling copper stockpiles.
Copper Rallies on Growing Supply Concerns
Copper future rallied on mounting concerns that demand will outpace global supplies by as much as 600,000 tonnes in 2011.
Copper Average Price Will Jump 22% to $9,200 This Year
Bloomberg reports that according to Standard Bank Plc., the average copper price will climb 22 percent this year.
Copper Falls the Most in Two Weeks
Bloomberg reports that Copper fell the most in almost two weeks in London.
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.
