Copper Investing News» smelters

Copper rallies after Fed Statement, to Hit 2009 Peak

Mike Rodger — Fri, 14 Aug 2009 02:54:09 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper held steady early Wednesday, in anticipation of the Fed’s statement, but following the announcement that the U.S. economy is “leveling out,” and the central banks as pledge to keep interest rates low for an “extended period” copper rose to a fresh 2009 high. Copper for [...]

Smelting Costs of Spots Copper will dip further

Mike Rodger — Sun, 26 Jul 2009 11:15:37 +0000

OZ Minerals Ltd declared that the costs for smelting copper concentrates to metal will continue to dip, because the smelters in Asia cannot get the adequate raw material. For full story, click here

BHP Billiton has won lower copper fees from Japanese Smelters

Mike Rodger — Wed, 24 Jun 2009 17:34:44 +0000

BHP Billiton Ltd, the world’s leading mining company, may win a reduction in copper processing fees from Japanese smelters in mid-year supply contracts. For full story, click here

Job data keeps copper in positive territory

Mike Rodger — Mon, 08 Jun 2009 18:49:40 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures rose Friday after government data showed the U.S. lost much fewer jobs last month than expected, fueling hopes for an economic recovery. Copper steadied on Thursday, gaining support from rising equities and a weaker dollar, after the metal plunged just before close on Wednesday. [...]

Japan likely to curb more copper output

Mike Rodger — Fri, 27 Mar 2009 05:35:22 +0000

Japanese copper smelters reported that they will continue copper production curbs from April as demand for the metal has not recovered. For full story, click here

Copper’s New Year ascent short-lived

Mike Rodger — Tue, 20 Jan 2009 12:33:19 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures were able to hold on to their positive momentum until Thursday’s close, when consistent inventory builds and grim economic data suggested that demand will exert more downside pressure. Copper started the New Year with a bang, but the positive movement was cut short [...]

Copper rally short-lived

Mike Rodger — Mon, 12 Jan 2009 03:54:54 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures started the year on a note of optimism. On January 3, the first day of trading in 2009, copper peaked at US$1.6225, the contract’s highest point since December 2 2008. Copper was just one of the base metals to rally as a result of [...]

Copper prices ignore rate cut

Mike Rodger — Fri, 19 Dec 2008 04:00:12 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices fell to the lowest in almost four years on concern that the deepening global recession will reduce metal demand through next year. Copper prices have plunged 55 per cent this year, heading for a record annual decline. Copper futures for March delivery slipped 0.4 [...]

Copper adds some shine on reports that bears losing grip on market

Mike Rodger — Fri, 12 Dec 2008 03:34:39 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Volatile copper prices fell more than 2 per cent before turning positive on Thursday. The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 [...]

Poor economic data causes copper crash

Mike Rodger — Fri, 17 Oct 2008 05:23:27 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News After the week started on a good note, on Wednesday a Fed warning that the U.S. economy still faces significant threats and bleak U.S economic data led Wall Street to its worst day since the 1987 stock market crash. Copper dropped as much as 8 per [...]