Size of Chinese Copper Stockpiles Not Promising
Reuters reported that China's metals warehouses are so full that copper is being stockpiled in car parks, a bad sign for global metals prices and an indication that China's growth may not continue.
Articles Tagged "stockpiles"
Copper Prices Dip as Inventories Begin to Build
ABC News reports that Copper prices are slipping as global inventories begin to build again.
Potential Holding in London Copper Stockpiles Shrinks to 80-89%
Businessweek reports that the potential share of London Metal Exchange copper stockpiles held by one unidentified company fell to 80 percent to 89 percent, from at least 90 percent.
Copper Jumps to Record as China Stockpiles Drop
Bloomberg reports that Copper futures rose to a record as inventories declined in China.
Copper Rises in London After China’s Inventories Decline
Bloomberg reports that Copper rose for the first time in three days in London.
Copper Presents Great Opportunity
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 [...]
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 dipped third day in Asia as Global Stockpiles Expand
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. For full story, click here
Job data keeps copper in positive territory
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. [...]
China Copper demand may surge in fourth quarter
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. For full story, click here
