Copper Gains on US Outlook, China Easing Hopes
Numerous signs of steady economic recovery in the United States are boosting investors’ confidence to shore up copper this week. Coupled with expectations that China will make loan access easier by easing capital requirements to help bolster the economy, market appetite for the red metal is rising steadily...
Copper dips on China manufacturing data, weak euro
Copper fell on Friday after manufacturing data from China showing a lacklustre start to the year reduced expectations of demand from the world's top consumer of the metal, with a weak euro putting further pressure on prices...
China Copper Imports Surge to Record on Spring Demand Outlook
Refined copper imports by China surged to a record in December, narrowing the second annual decline, as consumers built inventories ahead of a seasonal increase in demand...
A Shanghai warning for the LME
Metals production and consumption are still both rising. The need for price hedging is therefore also rising. What has changed of course is the availability of credit, as Beijing tightens the screws to damp down inflationary pressures and a previously sizzling property sector...
Copper Stockpiles in Shanghai Advance to Nine-Month High
Inventories gained for a seventh consecutive week, rising 11,193 metric tons to 131,645 tons, the highest since April, according to a survey of 10 warehouses in Shanghai, the exchange said on its website. Aluminum inventories also rose...
Copper Rises to 17-Week High on U.S. Manufacturing, Housing Data
Copper futures rose to a 17-week high as reports showing gains in U.S. manufacturing and homebuilder sentiment bolstered prospects for metal demand...
BHP hikes Chile copper resource 700%
Diversified miner BHP Billiton has reported a 700% increase in the mineral resource for its Spence copper project, in northern Chile, following a four-year, $30-million brownfield exploration programme...
Copper Market Rebounds -- Lundin Mining and Freeport McMoRan Poised to Benefit
Copper stocks have been on the upswing this week as the price of the red metal recently hit a new 3 month high. Copper prices have rallied as upbeat Chinese economic data fed hopes that officials in the world's top copper consumer will try to stimulate growth. China said its economy grew by 8.9 percent in the fourth quarter, which was slower than the previous quarter...