Copper Investing News reports copper prices drove to a month high with positive outlook in the economy.
Additional impetus to copper’s rally came by way of dollar weakness, and data that U.S. consumer prices climbed at a slightly faster-than-expected pace in June, boosting the metal’s appeal as an inflation hedge.
Copper ignored an increase in London Metal [...]
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 cancelled [...]
Copper Investing News reports copper price rise for the first time since October last year.
Copper futures for May delivery advanced 11.05 cents, or 5.8 per cent, to $2.0005 a pound on the Comex division of the New York Mercantile Exchange. This week, the metal added another 9 per cent to its rally started at the [...]
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 producer, [...]
Copper Investing News reports copper price has risen to about 28% as compared to last year’s fall of 54%.
China’s State Reserve Bureau (SRB) purchases are the main reason copper has been so resilient this year. Now, rumour has it that China will purchase even more of the industrial metal for its stockpiles. The SRB may [...]
Copper Investing News reports copper prices fell as inventory depletes.
Copper took a slight dip, falling $45 to $3,700, bit overall prices are still high. U.S. copper futures trading volumes shrunk as profit taking purchases dried up; recently, copper trading activity was high as stimulus related purchases from China had buyers worried that there would not [...]
Copper Investing News reports copper fell more than 2% before turning to positive on Thursday.
The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 moved up 1.85 cents, or 1.24 per cent, to [...]
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 remained stable despite the catastrophe with Lehman Brothers.
Although Wall Street plunged on Lehman’s demise, this huge development failed to shake LME copper. Copper for delivery in three months advanced US$211, or 3 per cent, to US$7141 a tonne near closing on the Exchange, and is headed for a 3.5 per cent [...]
Nickel Investing News reports with the financial turmoil after Lehman Brothers filed for bankruptcy, nickel prices tumbled more than 5%.
The decline in the U.S. dollar failed to compensate for the Lehman instigated sell-off furry. Analysts, however, are urging investors to sit tight as they expect the end of week prices to reflect the dollar’s decline.
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Thursday, July 16, 2009
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