World Markets
INDU 0.00 N/A
NASDAQ 2778.79 -34.90
S&P 500 1295.22 -9.64
^BSESN 16152.75 0.00
^NSEI 4891.45 +21.25
^HSI 18951.85 0.00
^N225 8611.31 0
^STI 2779.10 0.00
^FCHI 3008.00 -3.99
^GDAXI 6271.22 -37.74
^FTSE 5267.62 -70.76
USDINR=X 54.425 N/A
CLF10.NYM 0.00 N/A
HGZ09.CMX 0.00 N/A
1970-01-01 00:00 
Copper Spot News- Kazakhstan copper strike not the end of the matter
- ‘Copper pump’s’ potential benefit in cancer treatment
- Copper, lead recover on industrial demand, global cues
- Copper rebounds from four-month lows, Greek worries caps gains
- France: First priority is cutting debt, deficit
- LME’s plan to ditch sterling recognises need to adapt
- Bullion, base metals and energy outlook by SMC Global
- GEPL Capital`s view on bullions, base-metals, energy
- Mining group Anglo sees little respite for copper supply deficit
- BASE METALS: Copper Ends Near Flat On Mixed Economic Data
- Copper down 1.13% on weak global cues
- Check out best bets for crude, gold, copper
- The doctor’s diagnosis on the great world economy
- Persistent selling mars indices
- World stocks, euro off lows on ECB easing hopes
- US market exceedingly weak, buy gold on dips: Fat Prophets
- Sterlite: Weak outlook priced in
- Sterlite Industries, Hindalco hit 52-week low on falling copper prices
- Copper to remain uninspiring, range-bound in short term
- Hindustan Copper sees prices staying high
Dec
3
Price of copper, other metals helped by US GDP report
December 3, 2009 | Leave a Comment
Metals prices were higher Thursday on a report showing that the US has likely emerged from the recession and on a weaker dollar.
December copper was up 10 cents to $3.03 per pound in New York trade, while three-month copper added $234.50 to $6,664.50 per tonne on the London Metal Exchange.
Demand hopes were stimulated by the news from the US Commerce Department that the United States gross domestic product was up by 3.5 percent in the third quarter, a sign that the US economy has exited the recession.
Other factors helping to push copper higher was a decline of 325 tonnes in LME copper inventories on the session and the likelihood that a strike at a copper mine in Chile, now in its 17th day and with no immediate prospects for an end, has caused the mine to reduce production.
Other base metals prices also saw gains as aluminium added $43 to $1,955 per tonne, zinc was up $75 to $2,265 per tonne, lead was $134 higher to $2,365 per tonne, tin added $350 to $15,000 per tonne, and nickel gained $890 to $18,690 per tonne.
Among precious metals, December gold added $16.60 to $1,047 per troy ounce in New York trade, while December silver was up 42 cents to $16.66 per troy ounce, January platinum was $31.30 higher to $1,338,20 per troy ounce and, in mid-morning trade, December palladium added $7.55 to $324.95 per troy ounce.