Reuters declared that slipping Chinese copper imports may be enough to trigger a slip in prices in August but the metal’s medium term outlook still looks bright. But some are concerned that such high prices in an economic recession threaten future demand. For full story, click here
Continue reading "Chinese Copper Major Market Developments in July"
Friday, August 7, 2009
Led by Nickel, all other metals firmed up smartly on the non-ferrous metal market here today on heavy purchase by stockists as well as good demand from consuming industries. For full story, click here
Continue reading "Smart Surge in Nickel and Copper Prices on good demand"
Wednesday, August 5, 2009
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 [...]
Continue reading "Economic optimism drives copper to 10 month high"
Wednesday, July 29, 2009
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, [...]
Continue reading "Copper’s Ascent Threatened by Growing LME Stockpiles"
Wednesday, July 29, 2009
U.S. copper settled 1 percent down on Tuesday as a weak stock market, strong dollar and broad downtrend in commodities sparked light profit-taking, though some analysts expect a quick rebound based on fundamentals. For full story, click here
Continue reading "US Copper has ended down 1%, rebound seen"
Wednesday, July 8, 2009
China Mining declared that the copper processing charge rate for China’s refining enterprises has plunged nearly 70% on the spot market since this year’s beginning, mainly due to the strong demand for copper concentrate. For full story, click here
Continue reading "China Copper Processing Charges in H1 Slump by 70%"
Wednesday, June 24, 2009
The world copper market have seen a surplus of 48,000 tonnes between January and March of this year, compared with a 67,000 tonne deficit in the same year-ago period. For full story, click here
Continue reading "Copper Surplus 48,000 T in Jan- March, 2009"
Tuesday, May 12, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures fell more than 2 per cent Monday on worries that demand from China, the world’s biggest copper consumer, may slow. Copper for July delivery lost 5.7 cents to close at $2.0885 a pound on the Comex division of the New York Mercantile Exchange. Last [...]
Continue reading "Demand worries stall copper’s climb"
Thursday, April 23, 2009
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 [...]
Continue reading "Backwardation hits LME copper market"
Wednesday, April 15, 2009
Copper edged higher toward near six-month highs on Wednesday as dipping inventories offset weaker equity markets. For full story, click here
Continue reading "Copper edged higher as inventories dip"
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Monday, August 10, 2009