By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices have enjoyed an 80 per cent rally this year- on the back of Chinese State Reserve Bureau (SRB) purchases. Now, signs are pointing to the finality of those purchases. Inventories monitored by the London Metal Exchange posted their first back-to-back weekly gains since February, [...]
Continue reading "Copper’s Ascent Threatened by Growing LME Stockpiles"
Wednesday, March 11, 2009
Zambia, Africa’s biggest copper producer, is in talks with the International Monetary Fund for loans of about $200 million to help boost its foreign currency reserves after prices for the metal dipped. Zambia’s central bank Governor, Caleb Fundanga, stated: Our balance of payments position has deteriorated quite considerably. For full story, click here
Continue reading "Zambia in talks with IMF for $200 million loan to boost reserves"
Sunday, March 8, 2009
In anticipation of higher prices and demand when the economy recovers, South Korea, Asia’s third-largest base metal buyer, reported its plans to boost its strategic copper reserves by 46 percent this year. Kwon Tae-kyun, administrator of state-run Public Procurement Services, said: This year offers the best opportunity to achieve value for money in stockpiling. We [...]
Continue reading "South Korea to boost its Copper Reserves by 46 percent"
CopperInvestingNews.com maintains a focus on Copper exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Copper Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Get our exclusive independent commentary on copper trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Wednesday, July 29, 2009