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
Continue reading "Shanghai Copper Slipped 3%, LME Dipped on Equity Slip"
Thursday, August 6, 2009
London copper slipped nearly 2 percent on Thursday, after scaling fresh 10-month highs in the previous session, as investors stepped back to reassess the health of the global economy. Mark Pervan, senior commodity analyst at Australia and New Zealand Bank, stated: A lot of people are holding their breath because the gains have been really [...]
Continue reading "Copper Retreated as Risk Appetite Cancel"
Wednesday, August 5, 2009
Sterlite Industries, the flagship firm of London-listed Vedanta, may get the support of rival bidder Harbinger Capital Partners in its takeover plan for the bankrupt US copper mining firm, Asarco. Harbinger has decided to withdraw from the race, informing the bankruptcy court that its plan to restructure Asarco should not be considered. For full story, [...]
Continue reading "Harbinger Backed Sterlite in Asarco Acquisition"
Thursday, July 30, 2009
Chilean copper miner Antofagasta Plc posted a 6.6 percent slip in first-half copper output on Thursday, slightly better than its own expectations, and declared costs remained sharply higher than last year. The London-listed firm said copper production for the six months to end June decreased to 218,200 tonnes from 233,600 tonnes in the same period [...]
Continue reading "Antofagasta H1 Copper Output Off, But Costs Surged"
Wednesday, July 29, 2009
Shanghai copper dipped nearly 1 percent on Wednesday, tracking London’s losses in the previous session as weak U.S. consumer confidence data prompted investors to pause from a rally that has lifted prices more than 80 percent this year. For full story, click here
Continue reading "Shanghai Copper dipped 0.9%, chasing LME losses"
Tuesday, July 21, 2009
London copper surged on Tuesday on improving economic sentiment and fresh worries about a potential supply squeeze, although hopes for a recovery were tempered by gains in the dollar. For full story, click here
Continue reading "London Copper surged; Bernanke in Focus"
Sunday, July 19, 2009
India copper futures edged lower on Friday afternoon weighed by a firmer dollar overseas and surging copper stocks in the London Metal Exchange. For full story, click here
Continue reading "India Copper has edged lower on firm dollar, stockpiles"
Sunday, July 12, 2009
Even as the iron ore price talks are mired in controversy, China’s import of copper is set to climb down in June due to the high prices in London Metal Exchange. For full story, click here
Continue reading "Copper Imports slipped in China"
Thursday, June 25, 2009
London copper slipped 1.6 percent on Thursday and Shanghai futures trimmed gains after the Federal Reserve said the U.S. economy will remain weak for some time, rekindling demand worries. For full story, click here
Continue reading "London Copper slipped 1.6% after Fed, Shanghai has cut"
Monday, May 25, 2009
Copper surged, capping weekly gains in London and New York, as Chinese imports of the metal climbed to a record and inventories continued to dip. Stockpiles of copper in warehouses monitored by the London Metal Exchange fell for a 12th day. For full story, click here
Continue reading "Copper surged, found support at $4425"
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Wednesday, August 19, 2009