Copper Rises in London After China’s Inventories Decline
Bloomberg reports that Copper rose for the first time in three days in London.
Continue reading "Copper Rises in London After China’s Inventories Decline"
Bloomberg reports that Copper rose for the first time in three days in London.
Continue reading "Copper Rises in London After China’s Inventories Decline"
Wednesday, July 22, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended lower on Tuesday, after touching nine month highs earlier in the session, as copper climbed for a third day on speculation that the global economy is well on its way to a recovery. The index of leading indicators in the U.S., the [...]
Continue reading "Copper’s nine month high thwarted"
Monday, June 15, 2009
By Leia Michele Toovey-Exclusive to Copper Investing News Copper fell for a second day as a stronger dollar made the commodity more expensive for those holding in other currencies; the Dollar Index, a gauge of the currency’s value against six major counterparts, rose for a second day. Further downward impetus came as stockpiling inventories in [...]
Continue reading "Stonger greenback puts the brakes on copper's rally"
Wednesday, May 27, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News A battery of economic data pulled copper in every direction this week; U.S. copper futures retreated from a near three week high Wednesday morning, as a mixed report from the housing sector boosted the greenback. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak [...]
Continue reading "Copper’s rollercoaster ride"
Friday, October 10, 2008
Investors frozen by the recessionary chill saw copper drop to its lowest point since March 2006. Copper sank more than 9 percent. Copper looks to be the most exposed as sectors beyond the banking sectors are being impacted by negative demand reaction. Copper is now very close to $4,000, the average cost of production, according [...]
Continue reading "Metals Dive with Recessionary Chill"
Thursday, October 2, 2008
London copper lost its 1.75 percent gain after the US Senate approved the $700 billion financial plan. Copper fell $12 to $6,148 a tonne. Copper is up from its Wednesday low of $6,120, the lowest since March 2007. In base metals the market is looking very heavy … and there is a growing chance that [...]
Continue reading "LME Copper Reverses Gains"
Monday, September 29, 2008
A firm US dollar brought copper even further down to a 9-month low. After a record high on July 2 copper sank more than 25% and investors continued to hold out for the conditions of the US financial bailout plan. Leon Westgate at Standard Bank blames the dollar for the drop in copper. He said [...]
Continue reading "Copper Hits Lowest Point Since December 2007"
Friday, September 26, 2008
With Shanghai copper inventories dropping as much as 2,000 metric tonnes this week as well as expectation for further drops in stockpiles copper futures were up this week for the first week in five. Trading is lackluster today as many people are already out for the holidays, and few want to put on new positions [...]
Continue reading "Shanghai Copper Increases After 5 Weeks"
Friday, September 26, 2008
Copper was down 2.2% and 1.9% respectively in London and New York as concerns about lower demand and the uncertainty of the US financial bailout plan left traders limiting their holdings. Pressure mounted on U.S. lawmakers on Friday to agree on a $700 billion financial rescue plan after talks at the White House collapsed in [...]
Continue reading "Copper Down on Demand Concerns"
Tuesday, September 16, 2008
Copper was at an eight month low with investors concerned that global financial instability would impact demand. Analyst, Leon Westgate, of Standard Bank noted further liquidation to be expected. All markets are linked to each other which makes things like Lehman going under much more worrying — you wonder where the next weak link in [...]
Continue reading "Copper Sinks on Financial Woes"
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Friday, December 24, 2010