Apr
16
BASE METALS: Copper Ends Near Flat On Mixed Economic Data
April 16, 2012 | Leave a Comment
NEW YORK (Dow Jones)–Copper futures end near unchanged as traders weighed a decline in U.S. home builders’ confidence against an uptick in retail and food service sales. The most actively traded contract, for May delivery, settled 0.10 cent higher at $3.6280 a pound on the Comex division of the New York Mercantile Exchange. Copper prices [...]
Aug
30
Copper futures rise on global cues, spot demand
August 30, 2011 | Leave a Comment
Copper strengthened by 0.87% to Rs 418.10 per kg in futures trade today as speculators indulged in building up fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, August copper rose by Rs 3.60, or 0.87%, to Rs 418.10 per kg, with a business turnover of 4,953 lots. Click here to [...]
Aug
9
Copper price drops nearly 4pc after US credit downgrade
August 9, 2011 | Leave a Comment
COPPER futures fell below $US4 a pound for the first time since May as the US credit rating downgrade roused growing risk aversion. Copper fell below $US4 early in the session, as equities and other commodities faced losses following Friday’s after-hours announcement by Standard & Poor’s. The most actively traded contract, for September delivery, settled [...]
Aug
5
MCX Copper remains lower in unison with LME
August 5, 2011 | Leave a Comment
MUMBAI (Commodity Online): Copper futures in India declined in unison with weak London Metal Exchange. Meanwhile, copper for three-month delivery fell 1.3% to $9,230.25 a tonne on the London Metal Exchange. At MCX Copper August contract is currently trading at Rs.413.50 per Kg, lower by 1.38 against the previous close. In the earlier session the [...]
Jul
14
Indian copper futures up on global cues
July 14, 2011 | Leave a Comment
ET reported that Indian copper prices rose by INR 1.25 to INR 434.25 per kilogram in futures trade as speculators enlarged their positions on the back of a firming global trend. Trading sentiment turned better after demand for copper in China, the world’s biggest user, rose by 8% this year, depleting global supplies and boosting [...]
Jul
12
NEW YORK (Dow Jones)–Copper futures rose for the first time in three sessions Tuesday as traders viewed a slightly weaker dollar and stability in U.S. equities markets as an opportunity to buy. The most actively traded contract, for September delivery, settled 2.35 cents, or 0.5%, higher at $4.3915 a pound on the Comex division of [...]
Jul
12
Strikes hit the Copper Market
July 12, 2011 | Leave a Comment
The copper market has been rattled by an increase in worker uprisings, as employees are, once again, demanding increased wages and job stability as they see their companies rake in profits due to relatively high copper prices. In June and July, workers staged walk-outs in both Indonesia and Chile. The most recent walk-out impacted all [...]
Jul
12
Copper futures up on domestic demand
July 12, 2011 | Leave a Comment
NEW DELHI: In range-bound trading, copper futures edged higher by 0.10 per cent today largely in line with a better trend at the spot markets on pick-up in demand. However, copper’s weakness at the London Metal Exchange, restricted gains. At the Multi Commodity Exchange, copper for delivery in August moved up by 45 paise, or [...]
Jul
11
Freeport McMoran (NYSE: FCX) opened at $53.88. So far today, the stock has hit a low of $53.27 and a high of $54.20. FCX is now trading at $53.30, down $1.82 (-3.3%). Over the last 52 weeks the stock has ranged from a low of $29.95 to a high of $61.35. FCX shares are under [...]
Jul
7
Copper futures climb as interest rates rise
July 7, 2011 | Leave a Comment
Copper futures are pointing up after the biggest user of the metal increased interest rates, Bloomberg reports. The metal increased in value for the seventh time in eight sessions after China tacked on an extra quarter point on lending and borrowing rates, effective Thursday. The People’s Bank of China increase represents the third time this [...]