Category Archives: Copper

Raw Material Pricing – Party like it’s 1999

Remember that old Prince hit?I was dreamin’ when I wrote thisForgive me if it goes astrayBut when I woke up this mornin’Coulda sworn it was judgment day As I was doing the research for this article, that tune kept going … Continue reading

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Copper Leads Decline in Metals in London on Outlook for Demand

And yet, Copper is still multiples of it’s price a mere 5 years ago. Bloomberg.comCopper fell in London, heading for the biggest quarterly decline in more than two decades, on concern that worsening financial turmoil will slow global growth and … Continue reading

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Copper Drops to One-Week Low in New York as Bailout Plan Stalls

Of course, a one week low when it’s already too high is of more interest to speculators than manufacturers, but it is interesting to see how these things are all intertwingled. Bloomberg.comCopper fell to a one-week low after the U.S. … Continue reading

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Metals tumble on rising LME stocks

Yahoo! Malaysia News Industrial metals lead, zinc and tin fell sharply on Thursday, hit by waning demand and rising stockpiles in warehouses. While zinc is certainly down from recent highs (as much as $2 in December/January 06/7) to “only” a … Continue reading

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Chile copper strike keeps two Codelco divisions shut – Yahoo! Malaysia News

This can’t be good for copper prices. from Yahoo MalaysiaA strike by Chilean mining subcontractors in its fourth day and denting output will keep state-run copper powerhouse Codelco’s Andina and Salvador divisions closed through the weekend, the firm said on … Continue reading

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Volatile times ahead for copper pricing

Last week, Bloomberg.com reported: Mexico’s copper output plunged 49 percent in January from a year earlier because of a strike at Grupo Mexico SAB’s Cananea mine, the nation’s largest producer. This past Monday, they reportedStriking miners and other workers scuffled … Continue reading

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Codelco Copper Output Falls for Third Year

This would go some distance towards explaining why copper inventories are so tight and prices so high. Hopefully the new mine in 2008 will bring some stability to the copper market. Bloomberg.comChile’s state-owned Codelco, the world’s largest copper producer, said … Continue reading

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Copper May Drop on Reduced Metals Use Because of U.S. Recession

Copper may fall next week on speculation the U.S. economy is sliding into recession, reducing demand for the metal used in wires and pipes.Maybe, but so far, it’s still hanging out in the $3 neighbourhood, a far cry from $2.50 … Continue reading

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Copper drops, but not as much as you might think (or wish for)

For an amusing hour or so yesterday, Kitco, my favorite metals reporting web site, was claiming that Copper had dropped a dollar to $2 and change. It must have been a reporting glitch, because later the metal went back up … Continue reading

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Copper Slips Slightly To Continue Recent Decline

NASDAQSince copper is often used in construction, the red metal usually moves with economic news. Traders still considered the Federal Reserve’s announcement of a series of measures aimed at addressing the problems in the short-term funding markets, which could boost … Continue reading

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