Jul

9

Commodities Demand Driven by `Impressive’ Asian Growth, LME’s Abbott Says..

July 9, 2010 | 2 Comments

Growth in demand for commodities including metals in Asia is surging as nations ramp up infrastructure spending, according to the head of the London Metal Exchange, the biggest marketplace for industrial metals. “Everywhere we look in this region, we see growth,” Martin Abbott, chief executive officer of the LME, said in an interview on Bloomberg [...]

Jun

29

Copper Rises for Third Day on Expectations U.S. Spending Will Show Growth..

June 29, 2010 | Leave a Comment

Copper rose for a third day in London after a U.S. report on personal spending signaled improved growth, boosting demand for industrial metals. Consumer spending in the U.S. rose in May more than forecast, a sign households are gaining confidence in the recovery and the job market. Purchases rose 0.2 percent after little change the [...]

Feb

16

METALS-Base metals rally to multi-week highs as dlr sinks..

February 16, 2010 | Leave a Comment

NEW YORK/LONDON, Feb 16 – Copper led a rally across the broader base metals complex on Tuesday, hitting its highest level in more than two weeks, as the dollar stumbled and markets recovered from last week’s sell-off. “I think we are still seeing some residual demand from last week,” said Catherine Virga, senior base metals [...]

Feb

12

Copper eases after hefty gains as dollar firms..

February 12, 2010 | Leave a Comment

LONDON, Feb 12  - Copper prices eased, correcting from the previous session’s 6 percent surge, as the dollar’s recovery versus the euro made dollar-priced commodities like the industrial metals more expensive for other currency holders. London copper made its biggest one-day gain since March on Thursday, prompting some investors to cash in some of those [...]

Feb

3

Copper falls on rising dollar, China worries….

February 3, 2010 | Leave a Comment

Copper prices (HG-FT) collapsed to fresh 2-1/2-month lows Wednesday, as extended gains in the U.S. dollar and concerns over Chinese monetary tightening and European credit problems reflected an uncertain outlook for the global economic recovery. Benchmark copper for March delivery on the New York Mercantile Exchange’s Comex division plunged 11.60 cents, or 3.75 per cent, [...]

Feb

2

METALS-Copper bounces from 11-week low after U.S. data..

February 2, 2010 | Leave a Comment

* U.S. manufacturing sector grew in January – ISM * China macro data unsettles industrial metals investors (Updates prices) By Michael Taylor and Rebekah Curtis LONDON, Feb 1 (Reuters) – Copper rose on Monday, bouncing from an 11-week low after strong manufacturing data from the United States boosted the outlook for demand in the world’s [...]

Feb

1

Copper falls to 2-1/2 mth low on China worries….

February 1, 2010 | Leave a Comment

* China macro data unsettles industrial metals investors * Many metal stocks rising, locked into finance deals * Sudbury nickel mine talks watched (Recasts, adds comments/details, changes dateline pvs SINGAPORE) By Michael Taylor LONDON, Feb 1 (Reuters) – Copper fell to a two-and-a-half month low on Monday, as strong economic data heightened investor concerns that [...]

Feb

1

Copper dips as Chinese data fuels tightening fears..

February 1, 2010 | Leave a Comment

Copper declined in Europe on Monday, reflecting losses across most of the industrial metals, as expectations China may further tighten monetary policy were heightened by strong economic data. An advisor to the People’s Bank of China also noted on Monday that inflation and asset bubbles were the biggest worries for the Chinese economy. “China was [...]

Jan

27

METALS-Copper steady; dollar, policy fears pressure.

January 27, 2010 | 1 Comment

* Investors watch for development of U.S. bank plan * China demand, econ recovery to lift copper prices in 2010 By Rujun Shen and Edmund Klamann SHANGHAI, Jan 27 (Reuters) – Copper prices were steady on Wednesday, but remained under pressure from the firmness in the U.S. dollar, as well as fears of further policy [...]

Jan

27

METALS-Copper retreats on tightening fears, weak equity.

January 27, 2010 | Leave a Comment

* China implements rise in bank reserves on Tuesday * Cancelled warrants up, suggests Asia demand may be rising (Recasts, updates prices, adds comment) By Rujun Shen and Edmund Klamann SHANGHAI, Jan 26 (Reuters) – London copper prices fell more than a percent on Tuesday after China enforced a rise in bank reserves, rekindling concerns [...]

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