HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Copper futures continue to rally - 15% gain this month alone
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Copper futures continue to rally - 15% gain this month alone

posted on Apr 15, 2009 02:45AM

Article this morning in Mining Weekly discusses the gains in copper futures in Shanghai and London, and the prospect of continued strength.

"Copper prices have rallied around 15 percent this month in London and Shanghai, spurred by a run of positive economic indicators, which were only interrupted by a 1.1 percent fall in sales data from U.S. retailers on Tuesday."

Analyst Edward Meir of MF Global is quoted as saying:

"Generally, I am lot more optimistic than I was a few weeks ago and I doubt we will retest the lows. Trading ranges have shifted higher and technically copper could target $5,500-$6,000 this year."

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