Copper futures retreated Tuesday, as concerns over Chinese growth and a rising greenback scared away risk adverse investors. Further exasperating the situation; the risk adverse investors appear to be flocking to the US dollar.
Continue reading "Chinese Growth Concerns Thwart Copper"
Tuesday, September 29, 2009
Kingfisher Copper Prospect has announced a gravity survey and six anomalies have been defined. The project is located at Victor Project in northwest Queensland. The company holds a total of 15 exploration permits and applications and has an exploration program on these project areas in northwest Queensland. Previous work on the Kingfisher Copper Prospect reported [...]
Continue reading "Survey results of Kingfisher Copper"
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"
Sunday, July 5, 2009
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 [...]
Continue reading "Copper Prices Plunge ahead of Independence Day"
Monday, June 29, 2009
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 [...]
Continue reading "Chinese Buy Into Nevada Copper"
Monday, June 15, 2009
By Leia Michele Toovey-Exclusive to Copper Investing News Copper fell for a second day as a stronger dollar made the commodity more expensive for those holding in other currencies; the Dollar Index, a gauge of the currency’s value against six major counterparts, rose for a second day. Further downward impetus came as stockpiling inventories in [...]
Continue reading "Stonger greenback puts the brakes on copper's rally"
Monday, April 20, 2009
Grenville Gold Corporation announced the appointment of Mary P. Webster to the Board of Directors. Ms. Webster has 30 years experience in mining exploration including project generation and implementation, private and public company management and corporate finance. For full story, click here
Continue reading "Greenville Gold set eyes on developing high grade copper mine"
Friday, April 17, 2009
India-focused miner Vedanta Resources Plc. reported to be in leading the race to acquire Zambia’s Luanshya Copper Mines. For full story, click here
Continue reading "Vedanta is in leading race for Zambian Copper Mine"
Thursday, April 16, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Copper climbed the most in over a week as dropping inventories signaled rising demand for the red metal. A huge drawdown in London Metal Exchange inventories provided the strongest boost to copper. Stockpiles monitored by the London Metal Exchange tumbled 2.4 per cent to 480,400 metric [...]
Continue reading "Copper Leaps on LME inventory draw-down"
Thursday, April 9, 2009
By Leia Michele Toovey-Exclusive to Copper Investing News Speculation that the worst may be over, when it comes to the recession sent the price of copper above $2.00 a pound on Thursday for the first time since October. Stock indexes rose in Asia and Europe this week and were poised for gains in the U.S. [...]
Continue reading "Copper’s ascent sentiment-driven"
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Tuesday, January 26, 2010