Articles Tagged "smelters"

Copper still in a bull market?

By Leia Michele Toovey – Exclusive to Copper Investing News US copper was pushed to a two-week high on early Thursday trading, as a decline in the American currency made dollar-dominated commodities more attractive to investors. Signs that China, the world’s biggest user of the metal, may have a refreshing demand picture as the Olympics [...]

Copper price revival continues

By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices continued to be on an upswing on Monday, following last week’s selling spree. You may recall that last Wednesday, the red metal had plunged to a six-month low as investors’ economic concern had initiated a rapid sell off of the metal. The low was [...]

Copper Slowly Rebounds from Six Month Low

By Leia Michele Toovey – Exclusive to Copper Investing News On Tuesday, liquidation pushed copper to a six- month low to below $3.40 per lb in the New York Futures COMEX division trade. The end of market announcement of the Federal Reserve decision to keep interest rates steady at 2 per cent helped copper gain some. But analysts [...]

Copper Market in Hiatus, at Least for Now

By Leia Michele Toovey – Exclusive to Copper Investing News The copper market was a little dull on Monday, as stagnancy arose from the battle of global demand fears and the summer market lull. London LME copper stocks rose 2,575 tonnes to 136,050, putting a lid on prices. However, these stocks are not particularly high; [...]

Copper Advances the Most in Two Weeks as U.S. Housing Starts Jump.

By Leia Michele Toovey – Exclusive to Copper Investing News Copper prices edged forward at the end of the week, supported by renewed optimism in the American housing market. May 2008 was the slowest month since 1991 for new home construction. Unexpectedly, on Thursday the United States Commerce Department released the good news that in [...]