Hedge Funds Continue to Buy Copper

Sep 09, 2012

Copper investors are the most optimistic in 11 months, as traders speculate that the US Federal Reserve with announce a new round of quantitative easing (QE3). Hedge funds are buying copper – the largest buys since May 2012 as London Metal Exchange warehouse stockpiles drop to their lowest level in 4 years. Currently, global demand […]
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Mixed Results for Copper as Chinese Manufacturing Slows

Aug 09, 2012

Copper prices rose to a one-week high today as we saw a bit of inflation out of China – the largest manufacturer in the world and massive consumer of raw materials including gold, silver, and copper. However manufacturing levels are not as high as expected, and consequently demand for copper is down. Slower demand is […]
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Colombia to Auction Gold and Copper Rights in the Amazon

Jun 24, 2012

Colombia is planning to auction off plots of land all the way from the Pacific Ocean to the Amazon jungle. These plots are expected to hold deposits of gold and copper, with additional actions in 2013 for reserves holding coltan, uranium, and platinum. The goal of this auction is to gain more foreign investment. Colombia’s mining industry […]
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Glencore Buys Underwater Metals Mining

Jun 17, 2012 No Comments

Glencore, the world’s largest commodities trading company, has agreed to buy 50% of the nickel and copper mined from the seafloor by DeepGreen Resources. DeepGreen, based in Vancouver, Canada, is using the Nautilus underwater harvester to mine the seafloor of the Pacific off Mexico’s shore. This has been a volatile time for Nautilus coming off 2 […]
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Hong Kong Exchange (HKEx) Buys the London Metal Exchange (LME)

Jun 17, 2012 No Comments

The Hong Kong Exchange (HKEx) has won the bidding to buy the London Metal Exchange (LME) for $2.15 billion. HKEx won the bidding process over the IntercontinentalExchange (ICE) in Atlanta and Chicago Mercantile Exchange (CME). The LME handles 80% of global metals trading – including gold, silver, copper, aluminium, and nickel – of which China is […]
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Goldman Sachs Predicts 29% Gain in Commodities

Jun 11, 2012 No Comments

Goldman Sachs has called for a 29% gain in the S&P GSCI Enhanced Commodities Index over the next 12 months. The index is heavy on industrial metals and energy. As the EuroZone debt crisis fades and the US and China recovery and their economies start to grow, Goldman Sachs predicts a 41% gain in energy […]
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Copper Prices Rise on China’s Interest Rate Cut

Jun 08, 2012 No Comments

Copper prices jump the most in 3 months as the biggest consumer of copper in the world – China – lowered interest rates to boost growth. Copper prices have been very low over the last 2 years. The London Metal Exchange (LME) reported a 38% decline in copper stockpiles in 2012, and is predicting a shortage […]
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Barrick Gold Replaces CEO – New Focus on Share Price

Jun 07, 2012 No Comments

Barrick Gold (ABX) – the world’s largest gold producer – has decided to replace CEO. Gold prices have been rising steadily over the past few years, however Barrick Gold’s share price has not kept pace, so it is no surprise to see the ousting. Aaron Regent has been replaced by current CFO Jamie Sokalsky. Barrick shares have […]
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Copper Prices Drop to 4-Month Low

May 26, 2012 No Comments

Copper prices fell to a 4-month low on Friday after a decline in Chinese growth and the EuroZone debt crisis reduced demand. As Greece investigates options for leaving the European Union, manufacturing demands in Europe fell to their lowest levels in 3 years. Copper is a very important component in manufacturing. Chinese manufacturing has also […]
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