Articles Tagged "price of copper"

Supply Shortage Looms over Copper Market

Copper – Copper advanced for the third straight day, as stockpiles plummeted to a seven-month low. Stockpiles have descended for the thirteenth straight day, a sign of tightening market fundamentals. Adding extra impetus to copper’s ascent was a declining greenback.

Franconia Minerals Hits 243 Feet of 1.28% Copper Equivalent

Copper – Franconia Minerals reports results from 2010 drilling program at the Birch Lake deposit, Minnesota. This latest drilling is designed to follow on from the resource estimate completed in 2009 at Birch Lake. In that study Scott Wilson Roscoe Postle Associates (Scott Wilson RPA) estimates an Indicated Resource* of 131.2 million tonnes, plus an Inferred Resources of 37.5 million [...]

Goldman Fraud Charge Hits Copper Prices

Copper – As news over impending fraud charges against leading commodities player Goldman Sachs hit the market last Friday, copper witnessed considerable downside. Risk averse investors jumped from their positions, sending copper plummeting to a three month low.

Is Copper’s Recent Tug-o-War a Sign the Metal has Peaked?

Copper – In early trade Tuesday, better than expected US home data buoyed copper on the COMEX after dipping for four straight sessions. But, the ascent was just a blip with the upside being limited by a lack of positive economic indicators.

Resource Market Weekly Recap

The industrial metals sector as a whole is expected to improve this year and next as global economic growth improves, although the going will be slow. RBC Capital Markets recently gave its perspective on the short- to medium-term silver market expecting silver’s fundamentals to remain positive as industrial and investment demand increase and outpace new mine supply in 2010.

Resource Market Weekly Recap

By Melissa Pistilli-Exclusive to Resource Investing News Copper Investing News Copper prices rebounded form an 11-week low early this week on strong US manufacturing data and a weak dollar. Barclays Capital reports Chinese copper imports have maxed out after increasing in 2008 on government stimulus spending. Analysts predict 2010 imports will fall by 1 million [...]

Copper Claims Top Honours

  Copper earned topped honours as the best performing investment for 2009, and the metal extended its ascent into the new year, reaching a 16-month high on Monday. The New Year’s run was fuelled by a looming strike at the Chuquicamata mine in Chile. Copper earned top honours as the best performing investment for 2009, [...]

Silver’s Industrial Status Re-Emerges

Silver Investing News report silver prices were down on Monday. The markets are expected to be mixed during the week with a quiet Friday as both US and Canadian markets close for holidays and the start of the summer vacation season commences. For complete story, click this link. Follow developments in resource mining and exploration for [...]

Copper’s ascent sentiment-driven

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 [...]