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.
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 tonnes; however, [...]
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, and the [...]
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.
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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 its tracking on the copper market.
On March 2, copper was at $1.51US per pound. On March 5, Copper Investing News reporter Leia Michele Toovey noted that Chinese copper demand had shaken the copper market in London and there had been a fundamental shift. In Toovey’s article posted on March 13, she [...]
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 [...]
Nickel Investing News reports nickel prices have been hit pretty hard trading at $10,000 per tonne as compared to $33,000 in February on the London Metal Exchange.
When it comes to mining, Australia is taking the brunt of the hit. The large amounts of miners in the area are struggling to cope with the metal’s recent [...]
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 [...]
Copper Investing News reports the trend for copper futures are up.
The change in trend comes after a reduced production outlook from a top producer and an earthquake in northern Chile re-ignited some fears of a shortfall in supply. The price of copper has declined recently, as the rebound of the US dollar vs. the euro [...]
Thursday, March 11, 2010
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