India copper futures extended losses for a fourth day on Wednesday, as slipping equity markets and a stronger dollar weighed on prices. The most-active August copper contract MCCQ9 was 1.53 percent lower at 292.55 rupees per kg at 5:42 p.m., after losing 4 percent in the last three sessions. Tejas Seth, senior research analyst with [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper held steady early Wednesday, in anticipation of the Fed’s statement, but following the announcement that the U.S. economy is “leveling out,” and the central banks as pledge to keep interest rates low for an “extended period” copper rose to a fresh 2009 high. Copper for [...]
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 [...]
India copper futures recovered partly on Thursday, supported by surging equity markets, along with comforting statements from the Chinese central bank. Praveen Singh, an analyst with Sharekhan Commodities, stated: Prices are supported by stock markets and Chinese central bank’s statement. For full story, click here
Copper futures on Tuesday extended gains and gained by 1.37 per cent on the Multi Commodity Exchange as speculators covered their short positions, tracking firming trend on international markets. For full story, click here
India’s copper futures have opened weak on Tuesday tracking overseas markets. For full story, click here
India’s copper futures surged by more than a percent on Monday tailing overseas markets, where surging crude oil and a weak dollar supported the red metal. For full story, click here
Indian copper futures reversed early losses on Tuesday taking strength from bullish world equity markets. Somnath Dey, in-charge metals and energy research with Religare Commodities, stated: Copper’s rise is due of rallying equity markets. For full story, click here
India copper futures dipped on Monday tailing global markets, where losses in stock markets and worries the recent strong Chinese purchasing may not persist at higher price levels, pressured the metal. For full story, click here
Asia’s spot copper market has stayed tight despite dwindling LME stocks, sparking suspicion that major trading houses, including Glencore and Red Kite, are hoarding to boost prices. For full story, click here
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