Copper Up on Supply Restrictions, Weak Dollar
Copper – A weakened dollar and a production outage at the world's second-largest copper mine in Indonesia have boosted copper prices.
Articles Tagged "copper prices"
Grasberg Production Halt Hikes Prices to Two-Week High on Supply Concerns
Copper – Reuters reported that copper rallied to a two-week high, lifted by supply concerns after the stoppage in production at Grasberg and on a soft dollar. As quoted in the market report:
Copper rises to $7,408 a tonne in London
Copper – opper prices were down on May 21 on the London Metal Exchange due on the back of weak import figures from China.
Copper Moves Towards Longest Rally Since January
Copper – Bloomberg reported that copper got a boost from supply concerns with the closure of Freeport-McMoRan Copper & Gold Inc.’s Grasberg Indonesian mine after a tunnel collapse.
Copper Futures Rise to $3.36 as Grasberg Death Toll Hits 17
Copper – Bloomberg reported that copper futures are headed for their longest rally since January on the back of the work stoppage at Freeport-McMoRan Copper & Gold Inc.'s (NYSE:FCX) Grasberg mine in Indonesia. A tunnel collapsed at the mine on May 14 and the death toll is now at 17.
Copper Falls to $7,278.50 per MT in London
Copper – Copper prices fell in London on the back of reports that China may cut its demand for the metal and that the US economy is improving.
Copper Moves up on Lower Supply, Promising Demand
Copper – Bloomberg reported that copper climbed on Friday, reducing losses this week, given a boost by improving U.S. consumer confidence that suggest an up tick in demand.
Copper Gets a Pick-Me-Up
Copper – Copper prices are up on the London exchange supported by a weak dollar and better-than-expected economic data from Japan.
Copper for Three-month Delivery Falls to $7,198 per MT in London
Copper – Copper for delivery in three months fell on the London Metal Exchange to $7,198 per metric ton, a 0.6-percent decline.
Copper Prices Decline to $3.283 Amidst Signs of Slowing Chinese Growth
Copper – Copper for July delivery fell to $3.283 a pound on the COMEX in New York the morning of May 14, a decrease of $0.0755.
