Reuters declared that slip in Chinese copper imports may be enough to trigger a slip in prices in August but the metal’s medium term outlook still looks bright. But some are concerned that such high prices in an economic recession threaten future demand.
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Reuters declared that slipping Chinese copper imports may be enough to trigger a slip in prices in August but the metal’s medium term outlook still looks bright. But some are concerned that such high prices in an economic recession threaten future demand.
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Two years ago, Marles Jimenez reported to have demonstrated against the proposed development of Resolution Copper mine by Rio Tinto and BHP Billiton here.
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A sharp rise in the price of copper this month flies in the face of recent gloom about economic growth and may indicate the recession might not be as deep or long as originally feared.
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China has started to purchase copper in a big way again. As part of the country’s strategy to make use of the recessionary trends in the global markets, China has increased its copper buying in the past few months.
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By Leia Michele Toovey- Exclusive to Copper Investing News
U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses.
On Thursday, LME [...]
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 red [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper prices may slump by more than half this year as the global recession cuts demand.
MF Global Ltd., one of 12 companies that trade on the floor of the London Metal Exchange, predicts that the three-month contract may average $3,250 per metric tonne in 2009. Copper [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish.
When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to host the [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
U.S. copper futures were able to hold on to their positive momentum until Thursday’s close, when consistent inventory builds and grim economic data suggested that demand will exert more downside pressure.
Copper started the New Year with a bang, but the positive movement was cut short as negative [...]
Thursday, August 20, 2009
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