Despite a recent recovery in London Metal Exchange copper prices, market analysts were still bearish this week on the metal's price for the rest of this year, based on factors such as a surge in supply and a weak Chinese construction ...
Tags: copper, copper prices
Goldman Sachs remains bearish on the outlook for the copper price in 2014, with a target price of $6,200/mt, the investment bank said late Wednesday. "After selling off from $7,450/mt to $6,320/mt in mid-March, driven by Chinese property ...
Tags: Goldman Sachs, Copper Price
In afternoon New York trade on Thursday May copper changed hands at $2.936 a pound, erasing all of yesterday's strong gains. Earlier in the day the red metal fell as low as $2.913, down more than 2%, after Federal Reserve Chair Janet ...
Tags: copper, red metal, copper price
Any copper surplus next year is unlikely to emerge until the second half, with the price well supported in the first half, JP Morgan said Thursday. It raised its forecast for the average price in the first quarter by 2% to $7,210/mt, and ...
Tags: JP Morgan, copper surplus, copper
Declining investment in China' power grid last month could signal declining copper demand in the coming months, analysts with UK bank giant Barclays said Tuesday. Grid investment total Yuan 31 billion ($5.08 billion) in September, a 15% ...
Tags: Power Grid, Copper Demand
Khaleej Times reported copper rose in London before a report that may show manufacturing in China increased, adding to speculation of recovering demand by the biggest buyer. Copper for delivery in three months gained 0.2% to USD 7,933 a ...
Tags: copper, London, copper demand, copper market
The fortunes of base metals producers are based primarily on one very big customer China. So it’s little wonder that most stocks associated with producing copper and other metals are stuck in no man’s land right now up from ...
Tags: metals producers, big customer, China, copper, metals
The Globe And Mail reported that Inmet Mining Corp.which last month rejected a USD 4.9 billion takeover bid from a Canadian rival has announced a 27% increase in reserves at its massive Cobre Panama copper project in Central America. The ...
Tags: Inmet Mining Corp., takeover bid, copper project, miner, copper demand
Inmet Mining Corporation which last month rejected USD 4.9 billion takeover bid from a Canadian rival has announced 27% increase in reserves at its massive Cobre Panama copper project in Central America. The Toronto based miner said that ...
Tags: Inmet Mining Corporation, Mineral, Cobre Panama copper project
Reuters reported that demand for base metals in India could rise next week, particularly for copper and zinc, helped by a surge in construction activity and on higher buying of geysers and other heating equipment as winter sets in. ...
Tags: demand for base metals, copper and zinc, heating equipment
Reuters reported that Chilean manufacturing production surged in October beating expectations and posting its biggest annual gain in 2012 on the back of extra working days and a pick up in already buoyant domestic demand. The government ...
Tags: manufacturing production, domestic demand, world No.1 copper producer
Bloomberg quoted Codelco as saying that there's sound and solid interest from customers in China for next year amid signs of an economic recovery in the world's biggest market for the metal. Mr Thomas Keller CEO of Codelco said that ...
Tags: world's biggest market for the metal, Codelco, Bloomberg
Reuters reported that London copper eased as traders took profits after prices hit a near 2 month top in the previous session but signs of a revival in China's growth and hopes the United States would be able to avoid a fiscal disaster ...
Tags: London, copper, copper price, copper market
Business News Americas reported that the average price of copper in 2013 will range between USD 3.5 per lb and USD 3.6 per lb. Mr Andrés Mac Lean VP of Chile's state copper commission Cochilco said that "The price of copper today ...
Tags: average price of copper, copper demand, unstable global panorama
Reuters reported that China's production of refined copper rose in November to a record high for the second straight month as more domestic manufacturers turned to local smelters for supplies that traders said were cheaper than imports. ...
Tags: refined copper, local smelters, smelters, copper industry