Capstone Mining (TSX:CS) has completed a “strategic investment” in Nevada Copper (TSX: NCU) of $11.25 million. Capstone, with two producing mines in Mexico and Canada, has purchased 4.5 million shares of NCU at $2.50 per share. The purchase also comes with a whole warrant to purchase an additional share at $3.00 per share.
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Copper Investing News reports copper prices in a rally recently.
Chinese stockpiling and restocking, tight scrap supply and improved demand have lifted copper in Shanghai to a premium to the London price; this arbitrage opportunity has, in turn, supported imports. So far this week, stockpiles of copper in LME-monitored warehouses fell 1.6 per cent to 450,100 [...]
Copper Investing News reports its tracking on the copper market.
On March 2, copper was at $1.51US per pound. On March 5, Copper Investing News reporter Leia Michele Toovey noted that Chinese copper demand had shaken the copper market in London and there had been a fundamental shift. In Toovey’s article posted on March 13, she [...]
Copper Investing News reports the trend for copper futures are up.
The change in trend comes after a reduced production outlook from a top producer and an earthquake in northern Chile re-ignited some fears of a shortfall in supply. The price of copper has declined recently, as the rebound of the US dollar vs. the euro [...]
Copper Investing News reports with lack of demand and a high dollar, copper remains at ease.
The benchmark August copper on the Multi Commodity Exchange of India was down 0.79 per cent at Rs 331.65 per kg. Copper for delivery in three months on the London Metal Exchange fell to US$7,585 per tonne in official rings [...]
Thursday, November 5, 2009
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