February 16, 2012 8:18 PM IST
Morning Copper Market Report
Morning Copper Market Report
Copper prices are clearly on the defensive this morning are have fallen to a fresh 31/2 week low. In addition to fears of renewed slowing in China from slack Chinese trade data overnight, the copper market has also seen a rekindling of contagion fears toward the Greece debt crisis. News that China was seeing an increase in copper exports by smelters because of soft domestic demand may have added to the weaker tone of the market during overnight trading. Given the magnitude of the recent pullback, adverse currency market action and residual Greek debt fears, some traders feel that the copper market might not be able to relieve the current pressure on prices without several stronger than expected US economic numbers later on this morning.
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- Forex: What Happens If Greece Leaves The Euro?
- Greek Parties Meet to Discuss Coalition Government
- Third of Malaria Drugs Fake or Sub-Standard in Asia and Africa
- Asian Markets Rise On China’s Growth Promise And Europe's Easing Worries
- Stock futures signal higher Wall Street open
- Q&A: Anglo-Codelco dispute
- Ivanhoe Mines narrows Q1 loss
- Kazakhmys chairman to step down
- Goldcorp stops work on Chilean mine after permit suspended
- Miner Teck Resources posts best-ever revenue
- Teck Resources profit rises as coal offsets copper costs
- Baja Mining shares slammed as costs at Boleo project rise, directors resign
- Saskatoon firm plans marijuana farm in old copper mine
- Asia Stocks to Watch: Growth, deals key for Australian copper firms
- Poland’s KGHM steps on to world stage




