The 28% surge in copper over the past one month to $4,500 a tonne levels on LME has failed to cheer small and mid-sized manufacturers and traders in the local spot market. Rohit Shah, partner, Suraj Extrusion, and past president of BME, stated: I had contracted copper cathodes at $6,500 a tonne, and even though [...]
Copper, the flagship base metal posing the ability to forecast the state of the economy in general and the metal markets in particular. But none of the other base metals have followed copper’s recent rally, and industry experts do not expect that it will have very long legs. Orest Wowkodaw, an analyst at Canaccord Adams, [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper has rallied 31 per cent in the first quarter of 2009; since December 26, the red metal’s price has increased 47 per cent. This rapid upward swing has earned the metal the title best performer among the 19 raw materials tracked by the RJ/CRB commodity [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures closed with moderate losses on Wednesday but pushed into positive territory in after hours trading following the U.S. Federal Reserve’s announcement to purchase long-term Treasury debt. Copper for May delivery finished $0.75 lower at $1.7165 a lb on the New York Mercantile Exchange’s [...]
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 [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses. On [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper is often looked to as a barometer of economic health due to its copious use in building and construction. When an economy is growing, copper use rises exponentially. In the early 2000′s rapid economic growth paved the way for an explosion in demand for the [...]
Copper, a metal used in power and construction, came under pressure after manufacturing production in New York state fell to a record low in February, highlighting the nationwide slump. For full story, click here
Slowdown in China’s imports of major base metals would continue to remain a cause for concern in the base metals market, they said. For full story, click here
Overview Dajin Resources Corp. (“Dajin”) is a British Columbia exploration company with mining projects in the Cariboo Mining District in Central BC and the Nelson Mining District in South-eastern BC. Dajin has the right to earn a 65% interest in 32 Cowtrail mineral claims where a seven hole drill program was completed in the summer [...]
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