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Copper Industry News

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Are Copper ETFs Back on Track - ETF News And Commentary
Thu, 05 Mar 2015 07:45:00 GMT
Copper prices saw a troubled 2014 on Chinese economic slowdown, global growth worries, a multi-year high greenback and a supply glut. In fact, the situation was so messy that copper prices plunged to a five-year low to start 2015 (read: Copper ETFs Tumble ...

Arrested again for stripping copper and metal from homes
Thu, 05 Mar 2015 04:23:01 GMT
A 55-year-old Buffalo man with home addresses on Paderewski Drive and Wilson Street was arrested Wednesday while allegedly stripping metals and copper from homes in a housing complex in the third block of Alabama Street.

Copper futures extend gains on global cues, spot demand
Wed, 04 Mar 2015 23:32:00 GMT
At the Multi Commodity Exchange, copper for delivery in April contracts traded higher by 30 paise, or 0.08 per cent, to Rs 370.55 per kg in business turnover of 131 lots. The metal for delivery in far-month June edged up by 20 paise, or 0.05 per cent ...

Copper, nickel decline on lower demand, global cues
Wed, 04 Mar 2015 12:24:41 GMT
Mumbai, Mar 4 (PTI) Copper and nickel declined at the the non-ferrous metal market here today due to stockist selling amid lower demand from industrial users.

Copper rebounds in futures trade on global cues
Tue, 03 Mar 2015 23:17:00 GMT
... cent to Rs 372.10 per kg today as speculators enlarged positions largely in tandem with recovery in base metals at the London Metal Exchange (LME). At the Multi Commodity Exchange, copper for delivery in far-month June rose by 80 paise, or 0.22 per ...

Copper falls on weak China outlook, nickel near 14-month low
Tue, 03 Mar 2015 17:31:00 GMT
Three-month copper on the London Metal Exchange closed down 1.4 percent at $5,822 a tonne, after ending little changed in the previous session when it struck its highest since Jan. 13 at $5,960. In the wider markets, U.S. stock prices fell from record ...

Glencore Profit Tops Estimates on Oil, Ag Trading
Tue, 03 Mar 2015 16:59:33 GMT
Adjusted net income declined 7 percent to $4.29 billion in 2014 from a year earlier, the Baar, Switzerland-based company said Tuesday. The results distinguish Glencore from BHP Billiton Ltd., Rio Tinto Group and Vale SA, the worlds biggest mining companies, which last month reported lower profit as declines in iron ore, copper and oil sapped earnings. Once again we proved that trading is ...

Tue, 03 Mar 2015 08:00:00 GMT
Copper prices tumbled Tuesday as some investors locked in gains ahead of a closely watched annual meeting of Chinas legislature. The most actively traded contract, for May delivery, was recently down 4.65 cents, or 1.7%, at $2.6510 a pound on the Comex ...

Copper market rises on short covering, gains at 372.85
Mon, 02 Mar 2015 21:08:00 GMT
MUMBAI: Copper settled up 0.28% at 372.85 as prices pared some of gains on worries over Chinese growth. Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favour of a ...

Copper hits near 2-month high on China rate cut
Mon, 02 Mar 2015 15:23:00 GMT
Copper prices recorded their largest monthly gain in more than two years on Friday. The May copper contract on the Shanghai Futures Exchange hit 43,280 yuan ($6,899) a tonne, the maximum since January 12, before losing a tad to close up 1.2% at 43,200 yuan.

Indonesia sets Newmont deadline for Freeport smelter deal
Mon, 02 Mar 2015 12:07:22 GMT
Newmont Mining Corp's Indonesian copper export permit will not be renewed beyond March 19 unless it strikes a deal with Freeport-McMoRan Inc to invest in the latter's planned smelter, a mines ministry official said on Monday. "For an export permit extension for Newmont, we are still awaiting an agreement between Freeport and Newmont," Coal and Minerals Director General Sukhyar told a news ...

Copper futures hit 7-week peak after China rate cut
Mon, 02 Mar 2015 10:29:18 GMT Copper prices rose to a seven week high on Monday, after China's central bank unexpectedly cut interest rates for the second time in less than four months, indicating that Beijing is becoming more aggressive in supporting the

LME Copper Prices Up to a 6-Week High as China Cuts Interest Rates
Mon, 02 Mar 2015 10:22:00 GMT
Copper prices rose to a six-week high as an interest-rate cut bolstered demand prospects in China, the worlds biggest user of the industrial metal. Free Download: Cost Certainty for Shipping on International Purchases Chinas central bank on Saturday ...

Chris Barton: Something rotten in our Commerce Commission
Mon, 02 Mar 2015 04:00:00 GMT
Something is very rotten in our Commerce Commission. In setting the price for access to Chorus's copper wholesale network, it's maintaining a price $12/month higher than comparative countries. It seems to think consumers should pay $12/month more than they ...

Copper prices expected to trade sideways: Angel Commodities
Sun, 01 Mar 2015 22:33:00 GMT
Base metals on the LME apart from Lead traded higher last week as U.S. consumer prices in January posted their biggest drop since 2008 as oil prices continued to tumble, which could provide ammunition for the Fed to keep interest rates low a bit longer.

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