Copper – In the last couple of years, the combination of declining ore grades, labor disruptions and delayed or cancelled mine expansions has led to increased copper scrap consumption. Now, amid tightening supply, the price gap between scrap and refined copper is closing.
Copper – Copper settled at a 27-month high Tuesday, buoyed by expectations that the Federal Open Market Committee will approve a second round or quantitative easing.
Copper Investing News reports copper prices have rallied at 80 per cent this year on the back of Chinese State Reserve Bureau (SRB) purchases. If China’s purchases grind to a halt, so will the red metal’s rally. So far, copper’s ascent has been a China only story- that has overshadowed weak demand elsewhere in the world. The metal [...]
Copper Investing News reports copper prices has been on a roller coaster ride with the global recession. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak US dollar and worries of shrinking Chinese demand. On the New York Mercantile Exchange’s COMEX division, copper’s morning range spanned $2.1070 to $2.1590, the contract’s highest level [...]
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