Do copper industry execs know something the market doesn’t?
Euro zone headlines and fear of Greece’s exit has meant industrial metals have nearly wiped out 2012 gains after copper and the euro hit a four month low yesterday.
Tag Archives: FCX
Bummed out by BRICs? Time for frontier markets
Bummed out by recent returns on your BRIC investments? T. Rowe Price, the sixth-largest U.S. mutual fund manager, suggests you look at frontier markets instead.
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.
Global headwinds do not bode well for copper this year
Shares of copper stocks have fallen precipitously over the last 12-months along with the red metal’s price and the slowdown in China.
Trading the Globe TODAY: 3 pair trades to reward active stock pickers
All asset classes have been moving together in unusually high correlations since August, but traders can still beat the market if they pick the right names and avoid the laggards. We talk about why this is especially true in emerging markets today on Trading the Globe.
IPO time for China’s largest molybdenum company
China’s largest molybdenum producer, China Molybdenum, has stated its interest in a Shanghai IPO later this year. The company is looking to raise around 3.65 billion yuan ($579 million) in order to increase their productive capacity and to better “promote its molybdenum and tungsten products,” according to the Wall Street Journal.
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.
Trading the Globe: How Slow Is China? (CHL, TAO, PTR, SNP)
China’s economy is growing at only 8.9% a year at the moment — three times as fast as the United States in a good quarter. Is the bad news overdone, or is there a hard landing here? We look for answers in a recent episode of Trading the Globe.