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Copper leads base metal rally on dollar
stumble, physical demand
stumble, physical demand
The Obama administration gave preliminary approval Monday for $1.4
billion in federal loan guarantees to help build what it says will be the
world's largest solar power complex -- in California's Mojave Desert
billion in federal loan guarantees to help build what it says will be the
world's largest solar power complex -- in California's Mojave Desert
U.S. backs loans to build world's largest
solar power complex
solar power complex
NEW YORK/LONDON (Reuters) -
Copper led a rally across the broader base metals complex on Tuesday,
hitting its highest level in more than two weeks, as the dollar stumbled
and markets recovered from last week's sell-off.
Copper led a rally across the broader base metals complex on Tuesday,
hitting its highest level in more than two weeks, as the dollar stumbled
and markets recovered from last week's sell-off.
"I think we are still
seeing some residual
demand from last
week," said Catherine
Virga, senior base
metals analyst with
CPM Group in New
York. "We are pulling up
from that correction. We
are seeing an uptick in
physical demand
across the metals due
to the lower prices."
MORE
The Department of Energy
is offering to back the
loans of California-based
BrightSource Energy so it
can build three
solar-energy plants
capable of powering
140,000 homes. It says
the project could nearly
double the amount of
solar power generated in
the United States...MORE
is offering to back the
loans of California-based
BrightSource Energy so it
can build three
solar-energy plants
capable of powering
140,000 homes. It says
the project could nearly
double the amount of
solar power generated in
the United States...MORE
