Molybdenum demand from steelmakers is set to decrease in the fourth quarter, due to imminent production cut backs by domestic steelmakers following sliding steel product prices over the past few months. In such a scenario, wither moly?
Moly would be a metal to watch in the coming years. With gold near an all-time high, it would [...]
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 for [...]
Former head of private client investing at CIBC Wood Gundy Craig Basinger is interviewed by the Ottawa Citizen and offers some forward looking opinion on a variety of markets. He likes the energy sector and says to watch for consolidations. He also likes biotech because of the aging population. While luke warm on financial services [...]
Copper Investing News reports copper markets rallied this year and most of the gains took place in March 2009.
Copper’s first impetus in the New Year came from steady withdrawals in London warehouse supply and increased purchases by China’s State Reserve Bureau. The latest gains were fuelled by the better-than-expected U.S. durable goods report. “The downturn [...]
Copper Investing News reports copper not as popular as gold and silver as safe-haven investment.
Copper investments were not appealing. Copper, fundamental to the transfer of electricity for buildings, machinery, transportation and construction is often used to signal changes in economic activity; copper is a mirror of economic growth. With the global economy in shambles, copper [...]
Copper Investing News reports analysts predicting more losses in copper prices in 2009.
Copper, used primarily in home construction has taken a recent tumble in reaction to data showing the largest monthly decline in December U.S. new home sales since 1994. Sales of newly built U.S. single-family homes fell 14.7 per cent in December to a [...]
Copper Investing News reports copper futures fell to a low dating back in July 2005.
London Metal Exchange (LME) warehouse stocks fell to 292,775 tonnes, a drop of 250 tonnes. Inventories are still running about 50 per cent above September at their highest levels since January 2004. Indian copper futures traded steady with a downside bias on [...]
Copper Investing News reports copper prices have been low with the slow global economic recovery.
On Wednesday, U.S. copper futures for December delivery HGZ8 fell as far as $1.6210 a lb on the New York Mercantile Exchange’s COMEX division, $0.55 below its record October low of $1.6265.To some analysts, the market’s intraday low was indicative of [...]
Copper Investing News reports copper futures fell on the Shanghai Exchange.
The price of copper in New York dropped below $2.00 per pound. At the New York Mercantile Exchange’s COMEX division, copper for December delivery fell as low as $1.9920 a pound, before settling at $2.007 a pound, down more than 5 per cent from previous session’s closing. At [...]
Moly Investing News reports molybdenum will be added to the London Metal Exchange in the second half of 2009.
The move was announced on Sept 4 when the LME board voted in favour of adding both, molybdenum and cobalt to its futures trading.
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Monday, October 26, 2009
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