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 [...]
Continue reading "Copper still in a bull market?"
Monday, August 18, 2008
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 [...]
Continue reading "Copper price revival continues"
Friday, August 8, 2008
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 [...]
Continue reading "Copper Slowly Rebounds from Six Month Low"
Tuesday, July 29, 2008
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; [...]
Continue reading "Copper Market in Hiatus, at Least for Now"
Friday, July 18, 2008
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 [...]
Continue reading "Copper Advances the Most in Two Weeks as U.S. Housing Starts Jump."
Friday, July 4, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News Only 56 new copper discoveries have been made in the last 30 years. The big players in Chile and Peru continue to step up, but in the long term, it is predicted that by 2015 these mines will no longer be in production. As time [...]
Continue reading "Copper Demand, Now and Into the Future"
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Thursday, August 21, 2008