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 [...]
Continue reading "Copper rallies after Fed Statement, to Hit 2009 Peak"
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"
Thursday, July 16, 2009
Nevada Copper (TSE:NCU) reported today that the resource estimate for their deposit in western Nevada has jumped again. The new resource estimate includes 9.3 billion pounds copper, 1.45 million ounces gold and almost 55 million ounces of silver. These amounts are in the measured, indicated and inferred resource categories. This is the second major update [...]
Continue reading "Resource Jumps Again for Nevada Copper"
Wednesday, July 15, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures hit a one-month high above $2.40 per lb Wednesday morning, as a rally in equities restored confidence in the global economy. Equities rallied as data showed better-than-expected manufacturing and industrial production. Additional impetus to copper’s rally came by way of dollar weakness, and [...]
Continue reading "Positive Sentiment Drives Copper to Monthly High"
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"
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Thursday, August 13, 2009