Copper Mountain Mines Ltd

Still too early for base metals

The outlook for base metals prices continues to be weighed down by the macro-economic environment, and recent comments from the Federal Open Market Committee (FOMC) did not provide any incentive for b…


Discouraging data dampen metals prices

Sept. 16-20 at a Glance- Copper — Chinese production rises, but net imports remain strong.- Aluminum — Company share-price declines highlight poor demand, while primary production rises.- Nickel — …


Base metals enjoy rally

Sept. 9-13 at a Glanceo Copper — The large net short could enable a rally on a sustainable basis if the economy improves.o Aluminum — U.S. demand data are still weak but show possible early signs of…


Leading indicators bleak for base metals

Assuming that the ISM is a leading indicator of IP and base metal prices, the prospects for an improving economic environment (hence rising metal demand) and stronger metal prices from current levels …



Short covering flatters to deceive

Aug. 12-16 at a Glance- Copper prices remain more cushioned on the downside, owing to a shortage of raw materials, but a test of the January low of US$1,434 per tonne is still likely in the current en…


Drop in prices points to economic double dip

Aug. 5-9 at a glance- Copper prices have failed to gain from any risks associated with fund short-covering and remain in the crucial support area of US$1,500 per tonne.- Aluminum has found good suppor…


Equities slump drags down metals prices

July 29-Aug. 2 at a Glance- Copper prices were heavily oversold and funds were close to their limits on the short side. Consequently, support at US$1,495-1,500 per tonne should hold, though upside pot…


Consumer buying augurs well for metals

Metals prices continued to move in lock step with equity market indices for the time being. This is not the usual picture in the early stages of an economic upturn. Weak equity markets have not hamper…


Weak equity markets threaten metals

Base metals prices fell sharply during the report period July 15-19, erasing most of the gains made in aluminum and copper since the rally of late May and early June. However, the LME index of all bas…


Base metals demand poised to improve

While the main global themes of collapsing equity markets and dollar weakness continue to dominate the headlines, it is perhaps not surprising that some positive developments in base metals raw materi…


Stronger prices tied to US recovery

Base metals markets traded sideways in thin volumes during the report period July 1-5 as U.S. stock markets and the U.S. dollar regained some poise.A more stable outlook for U.S. financial markets wou…


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