International Business News - copper http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Copper prices turned lower Friday as a stronger greenback prodded investors to shed precious metals and other hard assets. Commodities like copper and silver are often bought to hedge against inflation and weakness in the U.S. currency, so a stronger dollar weakens their allure to investors. http://www.ibtimes.com/articles/20080829/copper-prices-slip-on-rising-dollar.htm Fri, 29 Aug 2008 18:50:44 EDT Copper prices fell in New York trading on Thursday, following a drop in London after the London Metals Exchange said its copper inventories rose to a six-month high. http://www.ibtimes.com/articles/20080828/copper-prices-decline-on-rising-inventories.htm Thu, 28 Aug 2008 20:15:28 EDT Copper prices closed higher on Wednesday, lifted along with other commodities by the rising price of oil. Oil prices gained for the third-straight session as Tropical Storm Gustav appeared headed for the Gulf of Mexico, where oil facilities are located. http://www.ibtimes.com/articles/20080827/copper-advances-alongside-crude-oil.htm Wed, 27 Aug 2008 16:30:48 EDT Copper prices dipped on Tuesday as the U.S. dollar rose against such major currencies as the euro, pound and yen. Commodities like copper tend to be used as hedges against a weakening dollar, so the recovery in the U.S. currency has led many traders to pull out of commodities. http://www.ibtimes.com/articles/20080826/copper-prices-dip-as-us-dollar-strengthens.htm Tue, 26 Aug 2008 16:47:58 EDT Copper prices gained modestly on Monday as a report showed that U.S. sales of existing homes in July rose more than the market expected. The National Association of Realtors said that existing home sales jumped by 3.1 percent, nearly double what analysts surveyed by Thomson Financial/IFR anticipated. http://www.ibtimes.com/articles/20080825/copper-inches-up-helped-by-home-sales-data.htm Mon, 25 Aug 2008 15:59:22 EDT Bullion prices were stuck in a tight range as the new week got underway overseas. Last night's price channel was less than $10 wide as gold meandered between $818 and $826 and as participants kept an eye on the dollar near 77 on the index and on a marginally higher crude oil value following last Friday's massive fall. The greenback was last seen at $1.477 against the euro and oil was a... http://www.ibtimes.com/articles/20080825/metals-etfs-the-achilles-heel.htm Mon, 25 Aug 2008 10:49:21 EDT Copper prices fell Friday alongside other metals as the dollar rose, encouraging traders to cash in recent copper gains. Barclays Capital analysts also noted that copper supply on the London Mercantile Exchange rose significantly, dampening copper prices in European trading. http://www.ibtimes.com/articles/20080822/copper-falls-with-other-metals-as-dollar-rises.htm Fri, 22 Aug 2008 15:24:37 EDT Shares of Freeport-McMoRan Copper & Gold Inc. rallied Wednesday after copper prices rose earlier in the day. The Phoenix-based company's stock gained $6.39, or 7.5 percent, to $91.09. http://www.ibtimes.com/articles/20080820/freeport-mcmoran-copper-gold-shares-rally.htm Wed, 20 Aug 2008 17:29:27 EDT Chile's Central Banks says the nation's copper sales surged 8.8 percent in the first seven months of the year over the same year-ago period. The bank announced Monday that Chile had copper sales of $25.06 billion through the end of July on soaring metal prices. The South American nation is the world's largest copper producer. http://www.ibtimes.com/articles/20080818/chile-copper-sales-soar-8-8-percent-thru-july.htm Mon, 18 Aug 2008 18:01:33 EDT Stuart Kauffman is a professor in Calgary. He has written much about the unpredictability of the economy. We shall take a look at some of his theories below. But first consider the "predictability" of the fact that a class of aggrieved shareholders has sued NovaGold over their failure to advance the Galore Creek project in British Columbia. http://www.ibtimes.com/articles/20080808/novagold-and-the-unpredictable.htm Fri, 08 Aug 2008 18:12:48 EDT On the triple eight convergence date that is regarded as auspicious enough for the Olympics to have been set to begin at 8:08 on 08.08.08 most commodities suffered a setback that can only be described as a sea-change and the start of a new paradigm. Beijing's 30,000 fireworks paled in comparison to the millions that were likely lost in today's Great Unwind. The only ones apparently lef... http://www.ibtimes.com/articles/20080808/memo-from-the-dollar-die-hard-with-a-vengeance.htm Fri, 08 Aug 2008 13:58:52 EDT Precious metals turned higher following three losing sessions as bargain hunters emerged from the shadows and picked some up at prices nearly $100 lower than what was on offer two weeks ago. The markets (stocks aside) http://www.ibtimes.com/articles/20080806/what-039-the-base-ment.htm Wed, 06 Aug 2008 09:31:55 EDT Peru's Southern Copper Corp. on Thursday said second-quarter profit fell 24 percent from the year-ago period amid strikes and higher fuel and production costs. http://www.ibtimes.com/articles/20080725/southern-copper-2q-profit-falls-24-pct.htm Fri, 25 Jul 2008 01:02:55 EDT Peru's Southern Copper Corp. on Thursday said second-quarter profit fell 24 percent from the year-ago period amid strikes and higher fuel and production costs. http://www.ibtimes.com/articles/20080724/southern-copper-2q-profit-falls-24-pct.htm Thu, 24 Jul 2008 22:50:51 EDT Peru's Southern Copper Corp. on Thursday said second-quarter profit fell 24 percent from the year-ago period amid strikes and higher fuel and production costs. http://www.ibtimes.com/articles/20080724/southern-copper-2q-profit-down-24-pct.htm Thu, 24 Jul 2008 22:35:04 EDT Copper prices shot up to near-record territory Wednesday after a mining strike in South America raised concerns of a drop in world output. Some 30,000 miners began striking Monday at many of Peru's biggest mines to demand a bigger chunk of profits from record international metals prices. The shutdown involves more than half the country's 67 mining unions and has affected operations at major companies including Lima-based Southern Copper Corp. and the local unit of Chinese steelmaker Shougang. http://www.ibtimes.com/articles/20080702/copper-jumps-to-2-month-high-on-peru-mining-strike.htm Wed, 02 Jul 2008 16:49:43 EDT Soybeans closed 1.6-percent higher today, with the July contract settling 24 cents higher at $15.58 a bushel. Midwest flooding fears and concerns the Argentina farmers strike will spiral further out of control was noted for the rally in soy. http://www.ibtimes.com/articles/20080617/commodity-news-center-com-market-summary-6-17.htm Tue, 17 Jun 2008 23:27:01 EDT Corn closed 1-percent higher today, with the July contract settling 6 1/2 cents higher at $6.57 1/2 a bushel. Speculation that planting and emergence delays will result in smaller yields was noted for the record close today. July rice closed 4 cents lower at $19.92 per hundredweight, July oats closed 5 1/4 cents lower at $3.94 a bushel, July soy-meal settled $2.00 lower at $371.00 per short to... http://www.ibtimes.com/articles/20080609/commodity-news-center-com-market-summary-6-9-08.htm Mon, 09 Jun 2008 22:18:03 EDT Crude oil futures closed the week 8.8-percent higher, with the July contract settling $11.19 higher at $138.54 a barrel. Speculation that Israel will strike Iran and strength in the US dollar Friday sent crude to a record close. Israeli Transport Minister Shaul Mofaz was quoted by Yedioth Ahronoth newspaper as saying that if Iran continues with its program for developing nuclear weapons, Israel... http://www.ibtimes.com/articles/20080606/cnc-commodities-weekly-wrap-up.htm Fri, 06 Jun 2008 22:25:03 EDT Copper futures recovered earlier losses on Thursday as the dollar fell and demand for metals rose to compensate for inflation. http://www.ibtimes.com/articles/20080605/copper-commodities-futures-dollar.htm Thu, 05 Jun 2008 23:30:41 EDT