Tag Archives: copper
Riding Vale on China headlines
Yesterday I spoke about how the emerging market trade remains intact with the help of the miners restocking China. Today I want to highlight Vale (VALE, quote).
Copper prices hit four-week low
As traders watch risk aversion flow from China to Europe, copper prices have taken a big hit, falling all the way to $3.342 a pound on fears the European sovereign debt crisis is getting worse and not stabilizing as officials hoped.
Trading the Globe TODAY: China PMI puts miners back on the menu
With Chinese manufacturing activity expanding at its fastest rate in a year and a political transition on the way, commodity stocks may be due a lift. That’s our topic on today’s Trading the Globe.
Greece raising its ugly head in both currency and commodity markets
Despite trader hopes to the contrary, the prospect of yet another round of apocalyptic headlines Greece is becoming a problem again as we shift into the bottom of half of week. The disappointment is once again sending commodity prices and confidence in the euro zone lower.
Copper supply is already tight and demand is rising
The London Metal Exchange, the world’s largest metals exchange, reports that copper stockpiles from the U.S. to China are already at 2-1/2-year lows and poised to decline for the fifth month in a row. The news has awakened the slumbering copper bulls to move speculation, sentiment and pricing to the highest level in two months.
