The Chilean earthquake boosted copper; as concerns over supply threats permeated the market. The 8.8 magnitude quake hit over the weekend, and when the markets opened Monday the red metal climbed the most in nearly a year.
On Tuesday, easing concerns over euro-zone debt spelled relief for copper, and the metal rallied for the second day in a row.
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.
Copper futures lost their upward momentum on Tuesday, sending the red metal’s value down across the globe. The sudden stop of the metal’s recent ascent marked the close of copper's fastest rally on record.
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 substantial [...]
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, [...]
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 market.
A [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper futures rose Friday after government data showed the U.S. lost much fewer jobs last month than expected, fueling hopes for an economic recovery. Copper steadied on Thursday, gaining support from rising equities and a weaker dollar, after the metal plunged just before close on Wednesday. Wednesdays [...]
Copper Fox Metals (CVE:CUU) annouced today a $6m financing that would consist of over 106m units consisting of a share and a full warrant. Ernesto Echavarria, a Mexican businessman has committed to a $5m investment which would give him control of the company. The financing will be subject to ratification at a special meeting of [...]
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. after [...]
Tuesday, March 2, 2010
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