Copper Investing News» Shanghai Futures Exchange

Copper Rises in London After China’s Inventories Decline

Anne Bagchi — Fri, 24 Dec 2010 07:23:33 +0000

Bloomberg reports that Copper rose for the first time in three days in London.

Copper’s nine month high thwarted

Mike Rodger — Thu, 23 Jul 2009 01:38:03 +0000

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 [...]

Stonger greenback puts the brakes on copper's rally

Mike Rodger — Tue, 16 Jun 2009 05:34:57 +0000

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 [...]

Copper’s rollercoaster ride

Mike Rodger — Thu, 28 May 2009 02:58:45 +0000

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 [...]

Metals Dive with Recessionary Chill

Mike Rodger — Fri, 10 Oct 2008 14:09:52 +0000

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 [...]

LME Copper Reverses Gains

Mike Rodger — Thu, 02 Oct 2008 13:54:43 +0000

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 [...]

Copper Hits Lowest Point Since December 2007

Mike Rodger — Mon, 29 Sep 2008 14:56:43 +0000

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 [...]

Shanghai Copper Increases After 5 Weeks

Mike Rodger — Fri, 26 Sep 2008 21:05:10 +0000

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 [...]

Copper Down on Demand Concerns

Mike Rodger — Fri, 26 Sep 2008 20:11:40 +0000

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 [...]

Copper Sinks on Financial Woes

Mike Rodger — Tue, 16 Sep 2008 13:48:00 +0000

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 [...]