Copper prices reversed earlier losses and extended gains into the close on Friday, after stronger-than-expected employment data in the United States sparked renewed optimism about the economic outlook. David Thurtell, analyst at Citigroup, stated: The numbers are very encouraging. For full story, click here
India copper futures have edged lower for a second day on Friday weighed by a strong rupee along with overseas leads, but may recover later in the session on brightening economic outlook. For full story, click here
Freeport-McMoRan Copper & Gold Inc sees a tighter global supply base for copper and strong demand from China and the developing world favoring the industrial metal’s longer-term outlook. For full story, click here
India’s copper futures traded steady on Wednesday evening after having gained more than 1 percent earlier in the session on the back of a weak dollar and brightening economic outlook. For full story, click here
The long-term outlook for copper is forecasted to be positive but in the near term, Freeport-McMoRan Copper and Gold will continue to focus on reducing costs and maintaining assets, according to the mining company’s 2008 annual report. For full story, click here
Prices will remain Bearish in the first half of 2009 and will trade in the range of Rs. 120/ kg to Rs. 200/kg in domestic markets and $ 2,500 / tonne to $ 4,400 / tonne at LME. For full story, click here
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