Aluminium
Copper prices up after last week’s declines
by Elaine Frei
Copper prices saw gains Monday on bargain buying after last week’s declines, which sent the price of copper 20 percent lower than its year-to-date peak right after the beginning of January.
March copper added 6 cents to $2.91 per pound in New York trade, while three-month copper on the London Metal Exchange gained $185 to $6,450 [...]
Copper, other metals continue price declines
by Elaine Frei
Copper prices were down significantly again Thursday as the euro fell in relation to the dollar on concerns about soaring debt in some European nations.
March copper was down 9 cents to $2.88 per pound in New York trade, while three-month contracts for the metal used in construction and manufacturing were dropped $200 to $6,390 per [...]
Copper in big declines on economic concerns
by Elaine Frei
Three-month contracts for copper on the London Metal Exchange dropped $230 to $6,590 per tonne on Wednesday, a two-and-a-half month low, as investors continued to worry about how China’s tighter monetary policy might affect demand.
Concerns also focused on the pace of worldwide economic recovery as March copper fell 12 cents to $2.97 per pound in [...]
Copper, other metals gain again
by Elaine Frei
The price of copper was up again Tuesday, helped by the recent good news on US manufacturing and the US gross national product.
March copper was up a cent to $3.09 per pound in New York trade, while three-month contracts for the metal added $29 to $6,820 per tonne on the London Metal Exchange.
Also tending to [...]
Copper gains on US data
by Elaine Frei
Copper prices rose Monday, helped by new US manufacturing data as the Institute for Supply Management reported that its manufacturing index was at 58.4 in January, up from 54.9 in December.
March copper added 3 cents to $3.08 per pound in New York trade, while three-month copper on the London Metal Exchange gained $46 to $6,791 [...]
Copper prices up on buying by funds
by Elaine Frei
Copper prices were up Friday as funds made purchases after Thursday’s price declines, but most other metals prices fell on concerns that, if enacted, the rules for US banks proposed yesterday by US President Barack Obama could limit purchases of commodities.
March copper was 5 cents higher to $3.35 per pound in New York, while three-month [...]
Copper prices lower on economic concerns
by Elaine Frei
The price of copper fell Thursday as the US dollar strengthened, London-monitored stockpiles rose and investors worried about how monetary policy tightening in China and proposed new bank rules in the United States might affect demand and prices for metals.
New US bank rules proposed by President Barack Obama included limits on speculation by commercial banks, [...]
Copper prices lower on China news, US housing starts
by Elaine Frei
Copper prices fell Wednesday on the news that China is moving to limit the amount of credit available in the country in order to make sure that inflation does not spiral out of control.
Despite some analyst predictions that demand for the metal used in construction and manufacturing will remain strong, the new reports have spurred [...]
Gold lower on stronger dollar
by Elaine Frei
The price of gold fell Friday as the US dollar strengthened as more investors bought the greenback in a search for the safest place to put their cash, and on concerns that China’s economy could slow following moves by the Asian nation’s central bank.
February gold was $12.50 lower to $1,130.50 per troy ounce in New [...]
Metals prices mixed in London, New York
by Elaine Frei
Prices were mixed Wednesday for both precious and base metals.
March copper was up 5 cents to $3.40 per pound in New York trade while three-month copper on the London Metal Exchange dropped $50 to $7,417.50 per tonne after Codelco, the state-owned copper miner in Chile, said it will put $2.3 billion into getting at new [...]
Dollar, China data send copper prices higher
by Elaine Frei
Copper prices were higher Monday as the US dollar weakened and new data showed that China’s imports of copper and exports of all products were up significantly in December.
March copper added 4 cents to $3.44 per pound in New York trade while three-month contracts for copper added $102.50 to $7,567.50 per tonne on the London [...]
Jobs data, China concerns hurt copper prices
by Elaine Frei
Copper prices were lower Friday after the US Labor Department reported that the US economy lost 85,000 jobs in December, calling into question the pace and extent of the recovery from recession.
Concerns that China could tighten its monetary policy, cutting demand for copper there, also hurt prices.
March copper was 3 cents lower to $3.40 per [...]
Copper prices up on economic data
by Elaine Frei
The price of copper rose to its highest level in 16 months in afternoon trade in London on Wednesday.
Three-month copper on the London Metal Exchange was up $250.25 to $7,735.25 per tonne in late afternoon trade, while March copper added 8 cents to $3.49 per pound in New York.
The gains came on new data, including [...]
Precious metals prices see gains
by Elaine Frei
Precious metals prices were higher Tuesday, but gold retreated after earlier gains posted when the dollar weakened on new data from the US-based National Association of Realtors showing that pending home sales plunged 16 percent in November.
February gold was up 40 cents to $1,118.70 per troy ounce by the end of floor trade in New [...]
Copper prices gain on dollar, data
by Elaine Frei
Copper prices were higher Monday, to their highest level since August 2008 as the US dollar weakened, another strike commenced in Chile and on new data showing growth in US manufacturing in Decmeber.
March copper added 6 cents to $3.41 per pound in New York trade, while three-month copper was up $125 to $7,500 per tonne [...]
Copper up despite gains in London stockpiles
by Elaine Frei
Copper prices were higher Thursday as the US dollar weakened and on concerns that a possible miners’ strike in Chile could tighten supplies.
March copper was up 9 cents to $3.29 per pound in New York trade, while three-month copper contracts in London added $70 to $7,070 per tonne after going as high as $7,130 per [...]
Copper, precious metals gain on weaker USD
by Elaine Frei
Copper prices were higher Wednesday as the US dollar weakened and on concerns about a possible miners’ strike in Chile.
At late afternoon in London, three-month copper had added $89 to $6,970 per tonne, but a gain of another 1,875 tonnes in London Metal Exchange-monitored inventories held back further gains.
In New York, meanwhile, March copper added [...]
Copper prices drop despite new import data from China
by Elaine Frei
Copper prices were lower Tuesday, hurt by a stronger US dollar and London Metal Exchange-monitored inventories which continue to grow.
In New York trade, March copper was 2 cents lower to $3.14 per pound, while in London three-month contracts for the metal used in manufacturing and construction dropped $59 to $6,331 per tonne as inventories added [...]
Copper prices fall most in three weeks on strong dollar
by Elaine Frei
Copper prices were lower Thursday as a stronger dollar, helped by a rise in leading economic indicators in the US in November, reduced its appeal as an alternative place for investors to put their cash and on a jump in unemployment benefits claims last week in the United States.
March copper was down 8 cents, its [...]
Copper gains on interest speculation, construction data
by Elaine Frei
Copper prices were higher Wednesday in New York and London, with gains coming on speculation that interest rates will remain low.
Additionally, a new report from the US Commerce Department said that US housing starts, including both single-family homes and apartments, were up 8.9 percent in November while issuance of new building permits, which indicate upcoming [...]