Copper earned topped honours as the best performing investment for 2009, and the metal extended its ascent into the new year, reaching a 16-month high on Monday. The New Year’s run was fuelled by a looming strike at the Chuquicamata mine in Chile.
Global consumption for the red metal slipped 1.3% in the first 7 months of 2009 as compared to the corresponding period last year. Concerns continue for copper.
By Leia Michele Toovey- Exclusive to Copper Investing News After the week started on a good note, on Wednesday a Fed warning that the U.S. economy still faces significant threats and bleak U.S economic data led Wall Street to its worst day since the 1987 stock market crash. Copper dropped as much as 8 per [...]
The top mining port in Chile, Antofagasta, has workers striking for a second day in a row. Demands for higher pay and better working conditions are the reasons behind the strike. Workers started their strike at Antofagasta, which serves Chile’s northern mining region, just before midnight on Tuesday, leaving at least one copper shipment delayed [...]
Minera Andes Inc. found the independent estimate conducted on their Los Azules copper deposit in San Juan province, Argentina will yield 922 million tonnes of 0.55% copper. Xstrata Copper is supporting the advancement of the project under an option agreement. Allen Ambrose, president of Minera Andes, said: “We are very pleased to report on our [...]
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