Jun
30
By Carrie Ho SHANGHAI, July 1 (Reuters) – LME copper fell in early Asian trade on Friday after data showed that China’s factory activity in June slowed down more than expected. FUNDAMENTALS * Three-month copper on the London Metal Exchange fell 0.7 percent to $9,365.50 a tonne by 0113 GMT, after rising nearly 1.2 percent [...]
Jun
30
Arrest Made in Copper Theft from W.Va. Agency
June 30, 2011 | Leave a Comment
Updated: 11:49 PM Jun 29, 2011 UPDATE: Arrest Made in Copper Theft from W.Va. Agency State Police have arrested a Kanawha County man in connection with a copper theft case that hampered communications at the West Virginia Department of Agriculture’s center in Guthrie Tuesday. Posted: 10:34 PM Jun 29, 2011 Reporter: Michael Hyland, The Associated [...]
Jun
30
(Reuters) – As Chile struggled for two months to rescue 33 miners trapped deep underground last year, it turned to an unlikely tool to help keep them healthy: copper socks. Chile has built its economy on the world’s biggest deposits of copper, a metal known for versatility in a wide range of industrial applications from [...]
Jun
14
Copper Users in China Plunder Stockpiles as Goldman Forecasts Record Rally
June 14, 2011 | Leave a Comment
Copper stockpiles in China may have halved over the past two months as users in the metal’s largest market drew down reserves in bonded and exchange-monitored warehouses, paving the way for more imports and higher prices. Inventories in bonded warehouses, which aren’t disclosed, may have dropped to about 300,000 metric tons, according to estimates from [...]
Jun
14
Copper Up on China Demand View
June 14, 2011 | Leave a Comment
Copper futures snapped a four-session losing streak on strong economic data out of China, raising expectations that the world’s largest metals consumer will boost imports of copper. The contract for June delivery jumped 12.35 cents, or 3.1%, to $4.1540 a pound on the Comex division of the New York Mercantile Exchange, the highest settlement price [...]