Nevada Copper (TSE:NCU) announced Friday that Zhongtiaoshan Non-ferrous Metals Group (ZTS) has agreed to a $2 million debenture subject to the approval of the Toronto Stock Exchange. ZTS is a Chinese state-owned enterprise that has mined, refined and processed copper since 1956. The debenture can be converted at $1.00 per share which is a 77% premium [...]
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 U.S. copper futures closed with moderate losses on Wednesday but pushed into positive territory in after hours trading following the U.S. Federal Reserve’s announcement to purchase long-term Treasury debt. Copper for May delivery finished $0.75 lower at $1.7165 a lb on the New York Mercantile Exchange’s [...]
China’s imports of refined copper declined 14.7 percent to 180,490 tonnes in January versus 211,527 tonnes in December. For more information, click here
According to data from the International Copper Study Group (ICSG), global consumption of refined copper exceeded supply by 54 000 t between January and July tin 2008. For full news, click here
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