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.
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 [...]
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 moved up [...]
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 London, the [...]
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 2,170 [...]
Expectations of increased demand from China have supported the rise of copper once again, taking it to a one-week high despite analysts’ warnings that global economic weakness will thwart any sustainable recovery.
The metal used widely in the power and construction industries is down about 20 percent since hitting a record high of $8,940 a tonne in early [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Wednesday was the first day in five sessions that U.S. copper futures ended up.
The change in trend comes after a reduced production outlook from a top producer and an earthquake in northern Chile re-ignited some fears of a shortfall in supply. The price of copper has declined [...]
By Leia Michele Toovey – Exclusive to Copper Investing News
A refreshed demand picture combined with shrinking supply caused the copper market to show the most positive activity in the past four months. The metal for delivery in three months rose as much as $145, or 1.8 percent, to $8,175 per tonne on the London Metal [...]
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 [...]
Wednesday, January 6, 2010
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