By Kishori Krishnan Exclusive To Copper Investing News
Copper prices are heading for the first monthly decline this year. On Monday, copper fell in New York to the lowest price in more than five weeks, as an increase in inventory sparked mounting concern that demand is dwindling.
Stockpiles in warehouses monitored by the London Metal Exchange rose [...]
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 dipped for a third day in Asia, trading below $5,000 a metric ton as surging global inventories signaled demand may be waning for the metal used in construction and automobiles.
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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. Wednesdays [...]
Copper demand in China, the world’s leading consumer of the metal, may post a strong recovery in the fourth quarter after traders and smelters run down stockpiles, said a strategist at JPMorgan Securities Ltd.
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By Leia Michele Toovey- Exclusive to Copper Investing News
This week, a slew of bad news zapped copper’s recent rally. Copper fell in London on concerns about demand for the industrial metal after the International Monetary Fund said the global economy will shrink this year. Copper for delivery in three months lost $36.25, or 0.8 per [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper climbed the most in over a week as dropping inventories signaled rising demand for the red metal. A huge drawdown in London Metal Exchange inventories provided the strongest boost to copper. Stockpiles monitored by the London Metal Exchange tumbled 2.4 per cent to 480,400 metric tonnes, [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
U.S. copper futures closed with moderate losses on Wednesday but pushed into positive territory in after hours trading following the U.S. Federal Reserve’s announcement to purchase long-term Treasury debt. Copper for May delivery finished $0.75 lower at $1.7165 a lb on the New York Mercantile Exchange’s COMEX [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper is often looked to as a barometer of economic health due to its copious use in building and construction. When an economy is growing, copper use rises exponentially. In the early 2000’s rapid economic growth paved the way for an explosion in demand for the red [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper prices may slump by more than half this year as the global recession cuts demand.
MF Global Ltd., one of 12 companies that trade on the floor of the London Metal Exchange, predicts that the three-month contract may average $3,250 per metric tonne in 2009. Copper [...]
Tuesday, September 29, 2009
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