Copper Investing News reports copper prices improved with the lost of fewer jobs recently in the US. Copper steadied on Thursday, gaining support from rising equities and a weaker dollar, after the metal plunged just before close on Wednesday. Wednesdays plunge was driven by a recovering dollar and weakening equity markets. The U.S. dollar bounced [...]
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 [...]
Copper Investing News reports copper prices bounced up as demand for it strengthened. A huge drawdown in London Metal Exchange inventories provided the strongest boost to copper. Stockpiles monitored by the London Metal Exchange tumbled 2.4 per cent to 480,400 metric tonnes, the biggest one-day drop since October 21. Adding to improved demand prospects were [...]
Copper Investing News reports copper price has rallied over the last quater and has become the top performer among metals. Copper’s ascent has been fuelled by Chinese purchases depleting available inventories. Refined copper imports by China, the world’s biggest consumer, will also increase this quarter, Wang Chiwei, vice president of Jiangxi Copper Co., China’s largest [...]
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