By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures fell more than 2 per cent Monday on worries that demand from China, the world’s biggest copper consumer, may slow. Copper for July delivery lost 5.7 cents to close at $2.0885 a pound on the Comex division of the New York Mercantile Exchange. Last [...]
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 [...]
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 [...]
September imports for China rose 20 percent in September. China’s imports of unwrought copper and semi-finished copper products rose 20 percent in September on the month, as merchants increased spot imports on attractive margins. Prices of spot refined copper in China were higher than costs of imported material for much of the month, a [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper eased on Thursday as concerns of lack of demand overshadowed Wednesday’s dollar fuelled gains. The benchmark August copper on the Multi Commodity Exchange of India was down 0.79 per cent at Rs 331.65 per kg. Copper for delivery in three months on the London Metal [...]
Demand for refined copper has been steadily rising for more than a century. The International Copper Study Group (ICSG), an intergovernmental organization that serves to increase copper market transparency and promote international discussion on issues related to copper, estimates the demand for copper in 1900 was 495,000 metric tonnes. Come 2006, demand had increased to [...]
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