Commodity Trade Mantra

Posts Tagged ‘Copper Price’

Copper Price Movements - A Source of Good Cheer for Silver Bugs

A source of good cheer for silver bugs is the copper chart. Copper tends to lead the metals and its recent breakout from a Head-and-Shoulders bottom on strong volume certainly augurs well for gold and especially silver, which is also an industrial metal. Silver has the dual virtue and being both a precious metal and a vital industrial metal. Just watch what happens around soon enough.

Is This The Final Week For The World's Largest Copper Mine?

The standoff between workers and owners of the world’s largest copper mine: BHP Billiton’s Escondida operation in Chile, came to a head last Friday. A resolution seems unlikely, given how far apart workers & management appear to be on labor demands – we could see Escondida shut down completely, very soon. That would almost certainly give a lift to copper prices.

Copper Surplus ‘Underplayed’; But More Capacity Needed

Copper supply always seem to be an issue at the top of the agenda in metals markets, and 2014 is set to be no different, says Macquarie Commodities Research. 2016-2018 look like a strong recovery period for the copper market and copper price, with moves back towards, $8,000/t likely.

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