Copper declined for a third day in London, the worst losing streak in 10 weeks, as a plunge in Japanese exports helped to fan concern that the worst of the world economic slowdown may be still to come. For full story, click here
The price of copper surged to a 5-month high above $1.90 a lb in New York futures trade on Thursday, as a weak dollar, rallying equities and economic optimism from the G20 summit in London drove the bullish momentum. For full story, click here
India copper futures cuts back the previous day’s gains on Wednesday as higher inventory in the London Metal Exchange pressured the red metal. Pranav Mer, an analyst with India Infoline in Mumbai, stated: Currently, it is just profit-taking at resistance levels. For full story, click here
India copper futures are set to open slightly lower on Friday tracking markets in London. Harish Galipelli, head of research with Karvy Comtrade in Hyderabad, stated: Surging equity markets is also bringing optimism to the base metals complex. For full story, click here
Copper surged for the first time in three days in London on speculation the worst of the recession in the U.S. may be over, signaling a rise in demand for metals. For full story, click here
Copper prices rose 0.6 percent in London and Shanghai, as climbing optimism about China’s domestic demand growth was offset by the likelihood of slowing imports. For full story, click here
Copper prices rose around 1.5 percent in London and Shanghai on Tuesday, with markets reflecting fading confidence that Chinese buying is going into consumption against prospects of a big rise in February’s import data on Wednesday. Richard Adkerson, chief executive of Freeport-McMoRan Copper and Gold, said: Clearly in China, the things they are doing have [...]
London copper prices were little changed in Asian trade after rallying nearly 6 percent in the previous session, with many markets closed for the Lunar New Year holiday. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish. When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures were able to hold on to their positive momentum until Thursday’s close, when consistent inventory builds and grim economic data suggested that demand will exert more downside pressure. Copper started the New Year with a bang, but the positive movement was cut short [...]
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