Articles Tagged "London Metal Exchange"

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.

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.