Extraordinary things are happening in the world of copper. Last month, the price broke through $10,000 (£6,200) a tonne for the first time. It has continued to soar. By Harry Wilson and Roland Gribben 9:56AM GMT 07 Feb 2011
In London on Monday the price touched $10,122 a tonne. The effects of this astonishing...
Monday, 7 February 2011
Saturday, 1 January 2011
Copper Ends 2010 On New Record, Gains 33% On Year
NEW YORK (Dow Jones)--Copper ended 2010 at an all-time record, locking in a near 33% gain on the year amid dollar weakness and thin trading volumes.
The most actively traded copper futures contract, for March delivery, settled up 1.9%, or 8.45 cents, at $4.4470 a pound, a record settlement price. The contract also set an intra-day high of $4.4520.
Thinly traded January copper was up 1.9%, or...
Monday, 13 December 2010
Copper Surges to Record in London, 31-Month High in N.Y. on Chinese Demand
Copper prices climbed to a record in London and closed at an all-time high in New York after China refrained from raising borrowing costs over the weekend, bolstering speculation that metal demand will continue to rise.
Last week, China increased reserve-requirement ratios for banks by half a percentage point amid accelerating inflation. The country, the world’s largest metal user, said on Dec. 10...
Saturday, 16 October 2010
Investors to fuel copper surge to record
Reuters reported that copper prices are poised to hit record highs over coming months on strong fundamentals and surging investor demand which will be fuelled by new physical exchange traded products.
Investors have piled into commodities in recent weeks on expectations of further easing in the United States which will help boost growth and demand.
(Sourced from Reute...
Copper mines would not meet demand growth - Rio Tinto - 16 Oct 2010
Saturday, 16 Oct 2010
Rio Tinto Limited said that planned copper mining projects will be unable to support demand growth at current rates and could see the market for mined copper in deficit for most of the next decade.
In slides presented at an industry conference in London, Mr Matthew Holcz GM business development of Rio Tinto Copper saw production from probable copper mining projects as only...
Wednesday, 13 October 2010
Copper hits 2-year high on bullish miners
By Javier Blas and Jack Farchy in London
Published: October 12 2010 19:01 | Last updated: October 13 2010 09:59
Copper miners will struggle to meet soaring demand in 2011, the world’s two largest producers have warned, painting a bullish picture for the metal, which many senior traders and investors expect will reach a record within the next year.
Their upbeat comments, in video interviews with...
Wednesday, 13 January 2010
Copper rises as China optimism returns
Hopes about long-term prospects reassert themselves day after country tightened monetary policy
Copper (HG-FT) closed up Wednesday as optimism about China's long-term growth prospects replaced fears from a day earlier stemming from the big Asian consumer's surprise monetary tightening.
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http://www.theglobeandmail.com/globe-investor/copper-rises-as-china-optimism-returns/article14292...
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