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Freeport McMoRan (NYSE: FCX ) -4.3% pre-market as copper prices tumble to their weakest levels in nearly eight weeks on demand worries due to the spreading Chinese coronavirus. More news on: Freeport-McMoRan Inc., Alcoa Corporation, United States Steel Corporation, Commodities news, St...
Many market participants believe that copper is the commodity that diagnoses the health and wellbeing of the global economy. Copper is an industrial metal and a building block of infrastructure around the globe. These days, since China is the world's most populous nation with the second-lead...
Copper closed its worst streak of losses since mid-2018 amid mounting concerns that the spreading deadly coronavirus could hurt global economic growth. More news on: Freeport-McMoRan Inc., Rio Tinto Group, BHP Group, Commodities news, Stocks on the move, News on ETFs, Read more ...
Commodity traders spooked by the spread of the China coronavirus and the potential for a slowdown in global economic growth sent front-month Nymex copper futures -1.5% to $2.726/lb. today, marking a sixth consecutive decline that marks the longest losing streak since July 2018. More ne...
Traders call copper "Dr. Copper" because he has a Ph.D in economics. In fact, most of the time, Dr. Copper forecasts recessions and recoveries, inflation and deflation, far more accurately than his colleagues in the "dismal science," so it pays to pay attention to his macroeconomic messages. ...
Freeport McMoRan (NYSE: FCX ) finished among today's top two performers on the S&P 500, +4.9% , as rising copper and gold prices have created positive cash flow expectations for the company. More news on: Freeport-McMoRan Inc., iPath Bloomberg Copper Subindex Total Return ETN, Global ...
Copper is the leader of the pack when it comes to the nonferrous metals that trade on the London Metals Exchange in the forward market, and on the COMEX division of the CME in the futures arena. Chile is the world's leading producer of the red metal, but output comes from other nations around ...
Copper production fell at Chile's state miner Codelco and BHP's (NYSE: BHP ) Escondida mine in November, a turbulent month of riots and mass protests in the country, state copper agency Cochilco reports. More news on: BHP Group, Anglo American plc, Anglo American plc ADR, Commodities ne...
Trading exchanges in the US and UK went from member-owned clubs where a "seat" or membership bestowed trading rights on the holder. The advent of electronic trading made it necessary for exchanges to make significant investments in technology. Before this century, there were many independent e...
Copper is a bellwether commodity. The price of the nonferrous metal reflected the health and wellbeing of the global economy. Moreover, the price of copper tends to move higher or lower with the Chinese economy. While economic growth in the world's most populous nation has slowed, GDP expansio...