Rio Tinto reported that metals prices are unlikely to rebound during 2009 on account of a large stock and production capacity overhang despite an expected improvement in demand over the course of the year. For instance, London Metal Exchange copper prices more than halved, and have since been trading below US$4,000 a metric ton. The [...]
Jiangxi Copper was up 3.6 percent at HK$7.30 as global copper prices soared on hopes of an early economic recovery in China. For full story, click here
Copper prices rose 0.6 percent in London and Shanghai, as climbing optimism about China’s domestic demand growth was offset by the likelihood of slowing imports. For full story, click here
Copper industry think-tank CESCO reported that global copper prices will trade between $1.50 and $1.80 per pound in 2009, underpinned by buying from top consumer China as it seeks to bolster domestic industrial growth. CESCO executive director Juan Carlos Guajardo, said: We are watching to see if China manages to reorient its export economy toward [...]
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 [...]
Copper for March delivery on the New York Mercantile Exchange’s Comex division dropped 11.55 cents (U.S.), or 7.5 per cent, to settle at a two-week low $1.4230 a pound. For full story, click here
Copper crumbled to a two-week low Tuesday, pulled down by a stronger U.S. dollar and record-low U.S. manufacturing data that ignited a wave of risk aversion across the broader complex. For full story, click here
Backed by some improvement in copper buying by stockists and real time users of the red metal in India, copper prices gained $150 to $3,350 per tonne in the world market, in the past fortnight. For full story, click here
On the London Metal Exchange, however, copper prices are likely to rise to $3,800 a tonne from the current level of $3,545. For full story, click here
Copper rose to its highest level in more than two months on Monday on hopes that economic stimulus packages in China, the world’s biggest user of the metal, and the United States will spur demand. For full story, click here
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