Articles Tagged "spot copper"

Fjordland :Gold Fields Completes Due Diligence on Woodjam South Property, BC

Fjordland Exploration (CVE:FEX)  and Cariboo Rose Resources  report that Gold Fields has completed its due diligence review on the WJV’s Woodjam South copper-gold-molybdenum property, BC, Canada. Located in south-central British Columbia, 45 km east of the city of Williams Lake, the 13,827-hectare Woodjam South Property contains the Southeast Zone copper-gold-molybdenum mineralization discovered by the WJV in [...]

Supreme Resources Provides Update

Supreme Resources  reports that it has received drilling permits from the Ministry of Energy, Mines and Petroleum Resources with respect to its TAS and Verde projects. The Company proposes to commence drilling in early July 2010. The Company’s TAS project, comprising 1,306 hectares (3,227 acres) is located in the Copper Mountain Mining Camp, approximately 160 kms east [...]

Franconia Minerals Extends Birch Lake Copper-Nickel-PGM Deposit

Franconia Minerals reports its results from holes BL10-05 and BL 10-06 at the Birch Lake deposit in northern Minnesota. Both drill holes are located on the eastern margin of the Birch Lake deposit and were stepped out approximately 500 feet from previous holes. The mineralized zone remains open in that direction. Franconia Minerals’ President and CEO, Brian [...]

Copper Hit by Cooling Chinese Economy

Copper fell to a nine-week low in both London and New York Monday as pessimistic manufacturing data out of China reminded the globe how critical the country’s economy is to the entire base metals complex.

Copper Climbs on Weak Greenback

After hitting a two-week low Monday, copper climbed on Tuesday fueled by a declining greenback. The US dollar is taking a pause in anticipation of this week’s Federal Reserve meeting.

Copper rallies after Fed Statement, to Hit 2009 Peak

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 [...]

Copper’s Ascent Threatened by Growing LME Stockpiles

By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices have enjoyed an 80 per cent rally this year- on the back of Chinese State Reserve Bureau (SRB) purchases. Now, signs are pointing to the finality of those purchases. Inventories monitored by the London Metal Exchange posted their first back-to-back weekly gains since February, [...]

Copper’s nine month high thwarted

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 [...]

Positive Sentiment Drives Copper to Monthly High

By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures hit a one-month high above $2.40 per lb Wednesday morning, as a rally in equities restored confidence in the global economy. Equities rallied as data showed better-than-expected manufacturing and industrial production. Additional impetus to copper’s rally came by way of dollar weakness, and [...]