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As China’s economy shows signs that it is rebounding, copper traders are turning bullish, betting on a rise in prices this season. Their bullish bets have already driven the price of the metal up 1.9 percent to $8,079 a metric ton on the London Metal Exchange this year. Copper prices are highly dependent on China’s economy and [...]
Copper slumped to a two-month low in regular session trading today as investors shunned riskier assets, such as copper, and instead turned to “safer” investments including the dollar and gold. Trading in today’s regular session today was mixed, with the major U.S. indexes hovering near even as investors took a “wait-and-see” approach ahead of the [...]
A significant constraint in developing a copper mine is the fact that copper-containing rock hosts only a small percentage of copper, most of the rock is unwanted material, typically referred to as gangue. In order a mine to be developed, there must be enough copper present in a deposit to make its extraction economical. There are [...]
A GeoNomic Investing Exclusive. So far this week, commodity prices have been feeling the fall-out the ongoing debt saga in Greece. The precious metals, due to their use as a safe-haven investment, have felt the brunt of this crisis. Gold prices have been particularly volatile, first gold futures rallied, but then fell, feeling the pressure [...]
A GeonNomic Investing Exclusive. After a disappointing 2011, recent technical data suggest that copper is positioned for a rally. According to data from the U.S. Commodity Futures Trading Commission; speculators have raised bets on higher metal prices by the most since July, turning bullish on copper for the first time in four months. Copper touched [...]