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Copper, an industrial metal that will often rise and fall along with investor's optimism about the global economy, rose 2 cents, or 1.1 percent, to $2.03 a pound. In other energy trading in New York, wholesale gasoline jumped 10 cents, or 10.8 percent ... Read more...
The outlook for copper prices is worse than most investors think. Prices have marched steadily downward from their $4.50 peak at the start of 2011. At the end of 2015, they sat around $2.10 per pound. Battered copper-mining stocks may now screen as ... Read more...
Global stocks have been in a slump since the beginning of the year on concerns that growth in China, which has been the engine of the global economy in recent years, is slowing far faster than expected. Plunging oil prices and low inflation have added ...and more » Read more...
That's one of the other drivers of today's rally with copper up more than 1%, which is taking other big copper producers like Freeport-McMoRan (NYSE:FCX) up double digits as well. Copper stocks are rallying because they directly benefit from higher ... Read more...
But the facts are that in the copper business differs from other commodities in that there is not an enormous excess supply in inventories. We just show [in the slide below] the exchange stocks that's developed from the end of 2014 to the current date ... Read more...