Volatile copper prices have left the Jagadhri copper and copper alloy sheet manufacturers grappling with surging inventories with purchasers rejecting orders citing higher prices. For full story, click here
Aurubis Chief Executive Bernd Drouven has expected soaring copper prices to help Europe’s biggest copper smelter make an operating profit in its current fiscal year to Sept. 30. For full story, click here
The supply of copper is usually associated with the image of huge open pit mines in Chile and elsewhere. The turnround in scrap constitutes one reason behind the surge in copper prices so far this year, as consumers tap into tight supplies from the mines to replace the loss. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper has rallied 31 per cent in the first quarter of 2009; since December 26, the red metal’s price has increased 47 per cent. This rapid upward swing has earned the metal the title best performer among the 19 raw materials tracked by the RJ/CRB commodity [...]
Chilean Mining Minister Santiago Gonzalez reported that he sees copper prices being higher than the average forecast for 2009 of $1.60 per lb. For full story, click here
US mining equipment manufacturer Caterpillar announced that its largest customers are looking for a return to growth in the mining industry in the next 18 months and view the price of copper as a key indicator of a turnaround. Mr Chris Curfman, president of Caterpillar’s global mining division, said: It’s really the copper price that [...]
Copper, the base metal whose price movements backs the industrial activity, has risen over 12% in a week. Harish Gallipeli, research head, Karvy Comtrade, said: A breakout of a price range caused some technical buying, which was supported by the change in London Metal Exchange (LME) warehouse statistics. For more details, click here
Freeport-McMoRan Copper & Gold said that it might have to make more cuts if the copper prices declines further. 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 [...]
The company’s shares closed Wednesday at $42.76 and haven’t traded premarket. The stock is up 80% in the last three months. For full story, click here
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