Copper – Copper traders are taking a wait-and-see approach ahead of Friday's speech from the Federal Reserve chairman. The red metal did, however, get some lift from China's continued commitment to buy European government bonds as a means to stabilize the Eurozone.
Articles Tagged "Xstrata Copper"
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, [...]
Concerns about the state of global demand for copper continue to persist, with worries about rising copper stocks and a fall in US consumer confidence underlining these fears. Copper prices have more than doubled in 2009 on speculation that reviving economic growth will spur consumption. But as in the case of other metals, hopes [...]
Copper Investing News reports copper futures fell as the current market bail-out plans is progressing. Over in London, things were not looking any better; copper for delivery in three months fell as low as $4,545 a tonne, a drop of 7.6 per cent, to the lowest price since January 2006. The metal traded at $4,820 a [...]