Copper

Copper
Economic Recession
Economy

A Great Copper Squeeze Is Coming for the Global Economy

(Bloomberg) — The price of copper — used in everything from computer chips and toasters to power systems and air conditioners — has fallen by nearly a third since March. Investors are selling on fears that a global recession will stunt demand for a metal that’s synonymous with growth and expansion. You wouldn’t know it […]

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China
Copper

Copper Worth Nearly Half a Billion Dollars Goes Missing in China

(Bloomberg) — A group of Chinese companies are investigating why a commodities storage site in northern China is holding only one third of the copper concentrate they were financing, according to people familiar with the situation. Traders from more than a dozen mostly state-owned firms gathered in Qinhuangdao city this week after becoming aware of […]

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Copper
Iron Ore
Nickel and Cobalt-Based Alloys

Vale’s Plan to Turn Around $40 Billion Unit Suffers Fresh Blow

(Bloomberg) — Vale SA’s plan to turn around its copper and nickel-mining unit is taking longer than expected, risking a delay to a possible sale or spinoff of a group the miner says could be worth $40 billion. The world’s second-largest iron producer slashed its annual goal for copper output by 19% as it grapples […]

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Base Metals
Copper

Copper Crash Deepens as Recession Fears Dominate Metals Trading

(Bloomberg) — Copper plunged below $7,500 a ton as fears of a global economic slowdown piled pressure on industrial metals and deepened their retreat from record highs just months ago. Investors are fretting over a range of threats to demand, from Europe’s gas crisis to a US slowdown and renewed virus flare-ups in China. After […]

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Base Metals
Copper
Economic Recession
Metals

Copper Sinks Below $8,000 in Bleak Signal for Global Economy

(Bloomberg) — Copper prices tumbled to a 17-month low, extending last quarter’s slump, as deepening fears about a global economic slowdown drive a rout in industrial commodities. The red metal, widely considered a barometer of the world economy, fell as much as 3.7% to $7,955 a metric ton in London. Prices collapsed 20% in the […]

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Commodities
Commodity Prices
Copper

Copper Tightness ‘Is Far Beyond a Price Issue,’ Freeport CEO Says

(Bloomberg) — Freeport-McMoRan Inc. and Goldman Sachs Group Inc. share a bullish outlook for copper. They appear to diverge, however, on how much of an impact higher prices would have on supply growth. Goldman analyst Nicholas Snowdon told a copper conference Wednesday that current near-record prices need to go much higher in order to stimulate […]

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Copper
ETF

2 Copper ETFs for Q2 2022

Copper exchange-traded funds (ETFs) are designed to track the price of copper, an industrial metal used in a wide variety of applications in manufacturing, electronics, and construction. Copper is considered a cyclical commodity whose price fluctuates in tandem with economic cycles, rising when the economy grows and falling when the economy slows. Due to its […]

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Base Metals
Copper
Metals
Precious Metals
Silver
Specialty Metals

The tale of two metals: why copper and silver have taken split paths this year

Copper and silver markets have taken different paths this year, with a global economic recovery from the pandemic and tight supplies contributing to a third-straight year of gains for copper, but silver has failed to gain traction, and is on track to suffer its biggest yearly loss since 2014. “Generally, when copper outperforms silver, it […]

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Base Metals
Copper
Metals
Specialty Metals
Trade Of The Day

Top Copper Stock To Buy Right Now

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. FCX $37.3700 1.6300 % 4.5600 Freeport-Mcmoran Inc Sector : Basic Materials Industry : Mining – Non Ferrous Signal Short Term Trend […]

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Commodities
Copper
Inflation

Freeport-McMoRan Could Hit New Highs

Freeport-McMoRan Inc. (FCX) hit a 6-month low and turned higher in September after the Copper futures contract carved a potential double bottom at the 50-week moving average.  Two upgrades have followed that turnaround, raising odds the copper-levered blue chip miner has finally ended a healthy correction and will now test May’s 9-year high in the […]

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Copper

Copper Bulls Get Electric Shock as World’s Factories Slow Down

(Bloomberg) — The global energy crisis is casting a pall over copper, as investors who are bullish on its long-term prospects fret that power shortages and factory slowdowns could trigger a retreat in the near term. As a reliable gauge of economic health, copper is fast becoming a canary in the coal mine for analysts […]

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