Zambia declared its plans to raise its stake in all foreign-owned copper mines to 25 percent from 15 percent to have a bigger say in their running and prevent mine closures. For full story, click here
Continue reading "Zambia plans to raise stake in copper mining companies"
Friday, March 20, 2009
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 [...]
Continue reading "Wave of optimism spreads over copper market"
Friday, March 13, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News As economic malaise spread around the globe; silver and gold stocks became top performers. Worried investors flocked to both metals as a means to safe guard their investments as stocks, bonds and currencies became increasingly volatile. Copper investments were not appealing. Copper, fundamental to the transfer [...]
Continue reading "Is copper poised to take gold’s throne?"
Thursday, March 5, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News The arbitrage window that allows profitable imports of copper from the international market into China snapped closed on Thursday as the gap between Shanghai and London markets narrowed sharply. Half the available copper stock in Asia and 10 per cent of the material in Europe is [...]
Continue reading "China’s stimulus shakes copper market fundamentals"
Monday, March 2, 2009
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 [...]
Continue reading "Poor GDP numbers put a dent in copper’s rally"
Tuesday, February 17, 2009
Xstrata Ltd said on Wedenesday mining and transport operations were being disrupted by heavy rains in Australia’s Queensland state. For full story, click here
Continue reading "Rains hit Xstrata's Australia copper mines"
Monday, February 9, 2009
BHP, the world’s largest mining company, may seek to acquire mines and plants from any distressed sellers and said some of Rio Tinto Group’s would fit well into its portfolio. For full story, click here
Continue reading "BHP May Buy Mines, Plants From Rivals"
Sunday, February 8, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Data released Thursday showing a further deterioration in the manufacturing sector snapped copper’s positive trend. Copper for March delivery shed 3.10 cents to close at $1.50 a lb on the New York Mercantile Exchange’s COMEX division. COMEX copper had gained nearly 7 per cent during the [...]
Continue reading "Poor economic data stifles copper’s gains"
Thursday, January 29, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices may slump by more than half this year as the global recession cuts demand. MF Global Ltd., one of 12 companies that trade on the floor of the London Metal Exchange, predicts that the three-month contract may average $3,250 per metric tonne in [...]
Continue reading "Analysts warn more losses in store for copper"
Tuesday, January 27, 2009
Copper accounts for about 70 percent of Zambia’s export income. Companies including First Quantum Vedanta and Glencore International AG operate in the country. For full story, click here
Continue reading "Copper accounts for about 70 percent of Zambia’s export income."
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Monday, March 23, 2009