Copper

Mark J. Lundeen Market Outlook

Markets on the Edge of Something Big Mark J. Lundeen In Early May, some potentially big things are happening that I want to bring to your attention. First, it appears that gold’s bear box is terminating. Remember, the step sum is a market sentiment indicator, and since February the price of gold has [...]

Asia Trading Preview Gold, Silver, Copper and Crude Oil

US Gold futures prices finished US pit trade lower, but well off of the session lows. Prices tapped a new 17-wk low on Wednesday. The market had another raw commodity Bearish risk-off trading day Wednesday as the EU debt issues are in focus again. New technical selling also hit Gold and Silver this week. Jun [...]

Mining News Peru: New Laws in Place BVN, NEM

Minas Conga can restart, must accept Peru government changes BVN, NEM Prime Minister Oscar Valdes said work will be able to restart at the stalled Minas Conga Copper and Gold project as soon as the company decides whether it will implement recommendations from the government. In April, President Ollanta Humala said Minera Yanacocha, the company [...]

China and Copper Prices

China is stockpiling Copper, price to rise It was reported that the copper inventory on the London Metals Exchange (LME) declined by 4.1% last week, the latest weekly fall, indicating that Copper inventories in London have are reduced by about 50% since September 2011. A couple of related reasons come to mind; the shortage of [...]

Time to Buy Copper

The London Metal Exchange, the World’s largest metals exchange, reports that Copper stockpiles from the US to China are at 2.5 yr lows and set to decline further. The news has awakened the Copper Bulls to move speculation, sentiment and pricing North. The Overall Technicals: May NY Copper closed up 725 pts to 377.25 cents [...]

Mining Stalls in Peru, Again

Peru’s Miners Yanacocha seeks new solutions for stalled mine project NEM, BVN Minera Yanacocha, owner of Minas Conga Copper-Gold project, said late Saturday that it will seek technical and economic “alternatives” in order to allow work to resume on the stalled US$4.8-B project. Violent protests by anti-mine groups late last year led the administration of [...]

Copper Miners Update FXC, BHP, RIO

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Rio Tinto plc (NYSE:RIO), Southern Copper Corp. (NYSE:SCCO), BHP Billiton plc (NYSE:BHP) FXC, BHP, RIO, SCCO In February Copper weighed in at about 4.60 lb, and since the prices have declined to about 3.60 lb, which is a bit better than the price at the beginning of this year. [...]

Gold, Silver, Oil, Copper Trading and Technical Overlook

Gold, Silver, Crude Oil + Copper Trading and Technical Overlook Gold futures prices finished US pit trade sharply lower Wednesday and hit a fresh 11-wk low, on follow-through selling pressure from Tuesday’s action. Fresh near-term technical damage has occurred in Gold and Silver. Prices on Tuesday sold off in the wake of Bearishly construed minutes [...]

Facts about Copper: Resources, Supply/Demand, Production information

Facts about Copper: resources, supply/demand, uses and production information Copper: Metal used through the Ages Copper was one of the first metals ever extracted and used by humans, and it has made vital contributions to sustaining and improving society since the dawn of civilization. Copper was first used in coins and ornaments starting about 8000 B.C., and [...]

Copper News, Cupru Min Abrud, Sold to Roman Copper $266m

Romania sells major Copper mine to Canadian group Romania sold its largest Copper mine, Cupru Min Abrud, to Canada’s Roman Copper Corp. for 200.8-M Euros (US$266-M) as part of it privatization program, the Economy Ministry said Friday. The state-owned company has estimated reserves of 900,000 tons of Copper, or about 60% of the European Union [...]

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Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …