Mr Kim Shin jong president of Korea Resources Corporation has promised to bring it into the ranks of the world’s top 20 mining and resource development companies by investing heavily in uranium and copper mines in Africa and South America. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish. When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures started the year on a note of optimism. On January 3, the first day of trading in 2009, copper peaked at US$1.6225, the contract’s highest point since December 2 2008. Copper was just one of the base metals to rally as a result of [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Volatile copper prices fell more than 2 per cent before turning positive on Thursday. The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 [...]
By Leia Michele Toovey- Exclusive to Copper Investing News On Wednesday, U.S. copper futures retreated to a low dating back to July 2005. The price of copper for March delivery traded down to $1.5170, a contract low. The session high was $1.5965 per lb. COMEX estimated copper volume at a light 6,427 lots. Over in [...]
The Directors of Probe Mines Limited would like to update shareholders on the Company’s recent corporate and exploration developments. For full story, click here
Luanshya Copper Mine (LCM) has suspended building of the $354 million Mulyashi copper mine while it reviews the copper recovery process. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News With little relief in sight when it comes to the global economic crisis, analysts are expecting further downside for copper. So far this year, COMEX copper prices are down nearly 60 per cent since their record high above $4.00 a lb in July. It is anticipated [...]
Demand for refined copper has been steadily rising for more than a century. The International Copper Study Group (ICSG), an intergovernmental organization that serves to increase copper market transparency and promote international discussion on issues related to copper, estimates the demand for copper in 1900 was 495,000 metric tonnes. Come 2006, demand had increased to [...]
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