India’s copper futures may open slightly lower on Friday as higher-than-expected U.S. jobless claims renewed concerns of a weak economic recovery. Paras Sejpal, an analyst with TransMarket Group Research, stated: Copper’s good support is towards 288.50-289 rupees levels, expect corrective decline towards this level and find support there. For full story, click here
India copper futures reversed early gains to trade in the negative zone on Friday on overseas leads, where traders weighed hopes for an economic recovery against fears that the rally has been overdone. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last October, up slightly from Tuesday’s high [...]
India copper futures have extended gains for a third session on Monday as optimism of an early economic recovery raised hopes of demand revival. For full story, click here
U.S. copper futures bounced on either side of unchanged Monday morning, tracking volatile swings in equities and held hostage by continued uncertainty about global economic recovery prospects. For full story, click here
U.S. copper futures settled lower Friday has weighed down by a firmer dollar and persistent concerns about the pace of economic recovery. For full story, click here
India copper futures reversed early gains on Friday as the dollar gained overseas amid mixed signals about a global economic recovery. For full story, click here
India copper futures have edged lower on Friday on renewed concerns of a speedy economic recovery after weaker-than-expected U.S. jobs data. For full story, click here
Shanghai copper slipped, LME recovers, but data later may weigh Commods may be teetering on second U of W-shaped recovery. For full story, click here
Namibia’s sole copper miner Weatherly Mining Namibia has declared it will not re-open its five mothballed copper mines in 2009, despite a notable recovery in the global prices of copper. For full story, click here
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