RE: allYES.
The demand was never also strong, but without any news of the part appalache which proves us that we have this material in abundance at Mount Eagle, uncertainty persists. Moreover, nothing concrete seem not to come for this project other than waiting from long drillings holes which is continuously delayed.. It is well pity for all the shareolders long of appalache which would deserve at least an update on what occurs. But nothing is done and by this POS Appalache lets itself go this shares in free fall. I am not content with this situation and hopes that a good news will bring a little more the positive for not only the believer but the shareolders too.
THE COOPER IS VERY STRONG$$$$$$$$$$$$.
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Copper Gains, Extending Rally to 5-Month High on China's Demand
By Claudia Carpenter
Sept. 22 (Bloomberg) -- Copper prices in New York rose,
extending gains to a five-month high, amid a rally in China, the
world's biggest buyer of the metal used in homes, cars and
appliances.
Prices on China's Shanghai Futures Exchange soared 2.9
percent, the biggest gain since Aug. 12, bringing the increase to
9.7 percent since Sept. 15. Manufacturers in China are paying 14
percent more for copper than the price of metal traded on the New
York Mercantile Exchange.
China's demand ``just has continued to pick up more and more
steam'' since August, said Tim Strelitz, chief executive officer
of Los Angeles-based California Metal-X Inc., a manufacturer of
copper-based alloys used by brass foundries and brass mills.
``We're watching more business flow to China for manufacturing.''
Copper futures for December delivery rose 2.8 cents, or 2.1
percent, to $1.3695 a pound on the Comex division of the Nymex,
the highest closing price since April 1. A futures contract is an
agreement to buy or sell a commodity at a specific price and date.
Copper rose to an eight-year high of $1.403 a pound on March
2 before China's government imposed lending curbs to cool
inflation as the economy surged. Copper will probably exceed that
high in the fourth quarter, averaging $3,000 a metric ton ($1.36 a
pound), said Ingrid Sternby, an analyst at Barclays Capital in
London.
``Back in May, when China's government increased the cost of
borrowing money, China almost stopped purchasing, and things were
very quiet for two months,'' Strelitz said. The recent rebound in
demand may be related to expectations by some manufacturers that
rates will rise, he said.
``All assets purchased today are worth more at the time those
rates peg up,'' Strelitz said.
--Editor: McKiernan