Articles Tagged "metals"

Discovery Metals Limited: Surface Rights Granted at Boseto

Reuters reports that Discovery Metals Limited (ASX:DML) announced that the Tawana Land Board has granted surface rights at the Boseto Copper Project in north-west Botswana.

Economic optimism drives copper to 10 month high

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 [...]

Copper’s Ascent Threatened by Growing LME Stockpiles

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, [...]

Positive Sentiment Drives Copper to Monthly High

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 [...]

Copper Prices Plunge ahead of Independence Day

By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended lower on Thursday, as a stronger dollar and concerns about economic recovery weighed on values.  Higher than expected unemployment figures, coupled with weak housing figures triggered fears that an economic recovery is still far off.  A rising greenback further cooled the copper [...]

Chinese Buy Into Nevada Copper

Nevada Copper (TSE:NCU) announced Friday that Zhongtiaoshan Non-ferrous Metals Group (ZTS) has agreed to a $2 million debenture subject to the approval of the Toronto Stock Exchange.  ZTS is a Chinese state-owned enterprise that has mined, refined and processed copper since 1956. The debenture can be converted at $1.00 per share which is a 77% premium [...]