By Leia Michele Toovey- Exclusive to Copper Investing News With the close of the Olympics last Sunday, the globe can now focus on metals beyond bronze, silver and gold. A metal that is a barometer for economic health - copper - is sure to at the centre of attention. Olympic host country China consumes over a quarter of the world’s [...]
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 [...]
By Leia Michele Toovey – Exclusive to Copper Investing News A refreshed demand picture combined with shrinking supply caused the copper market to show the most positive activity in the past four months. The metal for delivery in three months rose as much as $145, or 1.8 percent, to $8,175 per tonne on the London [...]
By Leia Michele Toovey – Exclusive to Copper Investing News Copper stretched forward Friday, retracing from the five week low it hit on Thursday. Thursday’s price was weighed down by a stronger dollar and weakening global economic growth. The phrase “global recession” popped up again this week after German data showed business confidence declined to [...]
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 [...]
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