Base Metals

Reuters reported that Codelco’s CEO remains optimistic about the long-term future for copper prices, but expects the short term to be volatile.

Reuters reported that Codelco’s CEO remains optimistic about the long-term future for copper prices, but expects the short term to be volatile.

As quoted in the market report:

We’re going to keep living with turbulence in global financial markets, and this will translate into high copper price volatility,” Keller said. “We expect news to have an impact (on prices) in the short-term.

To view the whole Reuters report, click here.

MARKETS

Markets
TSX19251.43+188.52
TSXV649.66+2.33
DOW31457.47-43.21
S&P 5003902.64-9.10
NASD11533.19-74.43
ASX6528.40+19.90

COMMODITIES

Commodities
Gold1822.52-8.49
Silver21.140.00
Copper3.76+0.01
Palladium1875.50-1.50
Platinum910.00-1.00
Oil109.80+2.18
Heating Oil4.17-0.07
Natural Gas6.38+0.16

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