Shares in African Copper surged 68 percent after the exploration development company declared that it has struck a deal to be bought up by rival group Zambian Copper Investments, which will provide ACU with a comprehensive financing package of around $22.5 million. For full story, click here
Shares of copper mining companies rose this Wednesday as investors found some possible good news on account of expected Chinese economic stimulus package. Friedman Billings Ramsey analyst Luther Lu, said: With these stocks being so under pressure … you’re getting a nice bounce back. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper is often looked to as a barometer of economic health due to its copious use in building and construction. When an economy is growing, copper use rises exponentially. In the early 2000′s rapid economic growth paved the way for an explosion in demand for the [...]
In the latter half of the year, the prices may tend to get support from the economic packages announced by various Governments and we expect to trade in the range of Rs. 150 / kg to Rs. 250/ kg in Indian markets and $ 3,000 / tonne to $ 5,000/ tonne at LME. For full [...]
Copper prices and stocks got a boost with China’s announcement of a $600 bn stimulus package geared toward construction and infrastructure projects. For full story, click here
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