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Copper Investing News reports its tracking on the copper market. On March 2, copper was at $1.51US per pound. On March 5, Copper Investing News reporter Leia Michele Toovey noted that Chinese copper demand had shaken the copper market in London and there had been a fundamental shift. In Toovey’s article posted on March 13, …
Copper Investing News reports its tracking on the copper market.
On March 2, copper was at $1.51US per pound. On March 5, Copper Investing News reporter Leia Michele Toovey noted that Chinese copper demand had shaken the copper market in London and there had been a fundamental shift. In Toovey’s article posted on March 13, she asked if copper was going to “take gold’s throne” with investors rushing to copper stocks. On March 31, less than one month later, copper was at $1.83, up 21.2%. Teck Cominco, a major copper producer, was at $3.39 on March 5. Teck closed on March 31 at 7.05, up over 100%.
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