Is there a safe way into copper boom?
FT.com explains the price of copper hit a record high of $8,966 per tonne this week.
Articles Tagged "price of copper"
Supply Shortage Looms over Copper Market
Copper advanced for the third straight day, as stockpiles plummeted to a seven-month low. Stockpiles have descended for the thirteenth straight day, a sign of tightening market fundamentals. Adding extra impetus to copper’s ascent was a declining greenback.
Franconia Minerals Hits 243 Feet of 1.28% Copper Equivalent
Franconia Minerals reports results from 2010 drilling program at the Birch Lake deposit, Minnesota. This latest drilling is designed to follow on from the resource estimate completed in 2009 at Birch Lake. In that study Scott Wilson Roscoe Postle Associates (Scott Wilson RPA) estimates an Indicated Resource* of 131.2 million tonnes, plus an Inferred Resources of 37.5 [...]
Goldman Fraud Charge Hits Copper Prices
As news over impending fraud charges against leading commodities player Goldman Sachs hit the market last Friday, copper witnessed considerable downside. Risk averse investors jumped from their positions, sending copper plummeting to a three month low.
Is Copper’s Recent Tug-o-War a Sign the Metal has Peaked?
In early trade Tuesday, better than expected US home data buoyed copper on the COMEX after dipping for four straight sessions. But, the ascent was just a blip with the upside being limited by a lack of positive economic indicators.
Copper Claims Top Honours
Copper earned topped honours as the best performing investment for 2009, and the metal extended its ascent into the new year, reaching a 16-month high on Monday. The New Year’s run was fuelled by a looming strike at the Chuquicamata mine in Chile.
Copper’s ascent sentiment-driven
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. [...]
Copper adds some shine on reports that bears losing grip on market
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 [...]
Recession or depression?
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 [...]
Copper joins the base metals slide
By Leia Michele Toovey- Exclusive to Copper Investing News On the Shanghai Exchange, copper has tumbled 18 per cent this week alone, putting the year’s cumulative losses at 41 per cent. The current price point of copper puts it on par with the level it was at in December 1999. Copper for January delivery dropped [...]
