By Leia Michele Toovey- Exclusive to Copper Investing News On Monday, copper lead gains in metals traded on the London Metal Exchange (LME) as the greenback retreated from its recent stronghold. The dollar’s recent run to new highs against the euro has extended losses for the metals; the recent pullback is getting people back in [...]
Continue reading "Lehman catastrophe fails to shake LME copper"
Friday, September 12, 2008
Expectations of increased demand from China have supported the rise of copper once again, taking it to a one-week high despite analysts’ warnings that global economic weakness will thwart any sustainable recovery. The metal used widely in the power and construction industries is down about 20 percent since hitting a record high of $8,940 a tonne in [...]
Continue reading "Copper Rose to One-Week High"
Thursday, August 28, 2008
London Metal Exchange stocks rose leaving a downturn in copper prices as inventory increased. Shanghai Futures Exchange is also rumoured to have big arrivals. Despite the decrease in the US dollar and an increase in crude oil concern seems to be on inventory. “Unusually, metals are looking past these items and seem to be focusing, instead, [...]
Continue reading "Supply Issues Weaken Copper"
Monday, August 25, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News With the close of the Olympics last Sunday, the globe can now focus on metals beyond bronze, silver and gold. A metal that is a barometer for economic health - copper - is sure to at the centre of attention. Olympic host country China consumes over a quarter of the world’s [...]
Continue reading "End of Olympics: Focus shifts from medals to metals"
Tuesday, August 12, 2008
By Leia Michele Toovey- Exclusive for Copper Investing News Friday marked the kick-off of the Beijing Olympics, a milestone that has been long anticipated by the market. India’s copper futures opened with little change on Monday as rising stocks and shrinking demand continued to cap the upside. Early morning, the benchmark August copper on the Multi [...]
Continue reading "Beijing Kick-off does little to Rally Copper"
Friday, August 1, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News A refreshed demand picture combined with shrinking supply caused the copper market to show the most positive activity in the past four months. The metal for delivery in three months rose as much as $145, or 1.8 percent, to $8,175 per tonne on the London [...]
Continue reading "Copper Inches up as Stockpiles Shrink"
Friday, July 25, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News Copper stretched forward Friday, retracing from the five week low it hit on Thursday. Thursday’s price was weighed down by a stronger dollar and weakening global economic growth. The phrase “global recession” popped up again this week after German data showed business confidence declined to [...]
Continue reading "Copper Recuperates Amid a Shaky Outlook"
Wednesday, July 23, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News Copper moved up early week, influenced by a change in the metal’s supply/demand balance. Tuesday’s NYSE copper session prices spanned from $3.6595 to $3.7450/ lb, the contract’s highest level since July 15. By Wednesday noon, copper hit a high of $3.850/ lb. In India, on [...]
Continue reading "Copper Prices Ascend"
Friday, July 11, 2008
Copper futures are on the rise as a result of an overall strengthening of metals due to the weakening dollar and all time high oil prices. Copper supported by surrounding strength in the base metals complex. Read the full article here. The copper stockpiles in China’s Shanghai Futures Exchange continue to rise while inventories on [...]
Continue reading "US Copper Futures Open Firmer"
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Monday, September 15, 2008