Copper Up on Chinese Stimulus Hope

Copper edged up on Monday, fueled by speculation that China, the world’s biggest consumer of the metal, will implement stimulus measures to shore up its flagging economy. LME copper for three-month delivery was up 0.8 percent to $7,679 per tonne.

As reported by Bloomberg:

China’s official Purchasing Managers Index released Sept. 1 slid to 49.2 in August, the first reading since November below the level of 50 that divides expansion and shrinkage. 

“China remains very important for industrial metals,” Nic Brown, head of commodities research at Natixis SA in London, said today by e-mail. “Every indication of economic weakness opens up the prospect of further new stimulus measures.”

Click here to read the full market report at Bloomberg

Get the Latest Copper Investing Stock Information

Get the latest information about companies associated with Copper Investing delivered directly to your inbox.

Copper - Mine Development
Copper - Prospecting and Exploration
Copper - Resource Definition/Pre Feasibility
Copper - Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

CUU logo_1 color black

Copper Fox Metals Inc.

In 2014 Copper Fox Metals Inc. (TSXV:CUU) added approximately 1.8 billion pounds of copper as well as 140,000 ounces of gold contained within the Inferred resource category to its metal holdings. Connect with this company that’s on the move!Learn More
Comments

Leave a Reply