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NICKEL TRADING LIKE IT’S 2008

NEGOTIATOR’S TAKE:  Looks like Nickel prices may stay low for a long time to come, making Stainless Steel components more economically viable than in the past.   On the London Metal Exchange (LME), benchmark nickel for three-month delivery is currently

Copper’s price plunge and hits lowest in 5-1/2 years

Copper for delivery in three months dropped 5.3 percent Wednesday to settle at $5,548 a metric ton ($2.52 a pound) on the London Metal Exchange, after dropping as much as 8.6 percent, the biggest intraday loss since October 2008. It

Copper drops after last week 19-week high

Copper fell in London as stockpiles expanded the most since March and some investors viewed last week’s rally as excessive. The LME’s three-month copper contract on Monday was down 0.4 per cent at $7,125 a metric ton. Last week, copper

Copper prices plummet, dragged down by China

Copper prices have fallen sharply last week on the London Metal Exchange, falling to their lowest level in more than three and a half years with investors worried about the current state of the Chinese economy. Fears that have weighed more

Copper lower on concerns about China

Copper prices lost ground Tuesday on fears of a demand slowdown from China, the world’s largest consumer of the red metal. According to Jesper Donnesboe, senior raw materials strategist quoted by Bloomberg, copper prices were expected to go up due to

Copper hit by China demand concerns

The flash reading for China compiled by HSBC and Markit fell to a six month low of 49.6 in January versus 50.5 in December, fueling worries about demand in the world’s top metals consumer. Consequently, copper fell to its lowest

Copper outlook 2014

Despite the Federal Reserve’s decision last week to start ending its massive bond-buying stimulus, a major support for commodity prices for years, copper has held up quite well amid signs that the U.S. economy is on stronger footing. Copper stole

US, China and EU data drive copper to lowest in 3 months

Copper fell 2.3% on Wednesdays to $3.1595 a pound on the Comex division of the New York Mercantile Exchange, the lowest price since July 31. So far this year, the price declined 12 percent. Copper futures fell to a three-month

Copper weakens as China plans capacity reduction

At the end of June, it seemed that bottom was falling out of copper prices. Since then it gained a few percents, but last Thursday on the London Metal Exchange, copper for delivery in three months fell 2.2 percent to

Bottom Is Falling Out of Copper Prices

Copper‘s world is coming apart. The price has fallen 16% so far this year and is 34% below February 2011 all-time closing high. This isn’t just a case of slowing economic growth. The global forces propelling the metals stunning rise