Copper can predict the health of the economy. When copper prices rises, it is seen as a prediction that the economy is about to grow; when copper drops, often a decline in the stock market follows. While investors seek ways to protect themselves against inflation, copper is an important commodity to consider.
Bloomberg reports that Copper prices rose, extending a rally to a record approaching $4.50 a pound.
Bloomberg reports that Copper will lead a rally in base metals into 2011.
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. For full story, click here
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. For full story, click here
Two years ago, Marles Jimenez reported to have demonstrated against the proposed development of Resolution Copper mine by Rio Tinto and BHP Billiton here. For full story, click here
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. For full story, click here
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. For full story, click here
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 [...]
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 [...]
Thursday, April 28, 2011