Dec

31

LME Copper Inventory 31 Dec 2009

December 31, 2009 | Leave a Comment

LME Inventory Update Copper +6375MT Lead +425MT Zinc +1775MT Nickel +4074MT Aluminium +475MT Tin -80MT.

Dec

31

Uptrend Spotted in Shares of Fushi Copperweld (FSIN).

December 31, 2009 | Leave a Comment

Dec 31, 2009 (SmarTrend(R) Spotlight via COMTEX) —-SmarTrend identified an Uptrend for Fushi Copperweld (NASDAQ:FSIN) on November 11, 2009 at $7.77. In approximately 2 months, Fushi Copperweld has returned 22.9% as of today’s recent price of $9.55. Fushi Copperweld is currently above its 50-day moving average of $8.06 and above its 200-day moving average of [...]

Dec

31

Sical bags Rs 163 cr contract from Hindustan Copper..

December 31, 2009 | Leave a Comment

MUMBAI: Sical Logistics said on Thursday it has bagged a Rs 163 crore contract from state-run Hindustan Copper Ltd for supplying port, train and road logistics products. The two-year contract effective from January 1, 2010 is extendable by one year, Sical Logistics said in a filing to the Bombay Stock Exchange. “Customers are increasingly seeing [...]

Dec

31

METALS-Copper hits 16-month highs to end stellar year.

December 31, 2009 | Leave a Comment

* LME copper canters to 143 pct annual rise; ShFE up 150 pct * Lead up 145 percent in 2009; zinc and tin end firm * Strength to flow into 2010 (Updates prices) By Nick Trevethan SINGAPORE, Dec 31 (Reuters) – Copper prices rallied more than 1 percent to 16-month highs on Thursday, powering towards [...]

Dec

31

Dubai’s Leading Online FX Broker Undergoes Management Restructuring to Boost Middle East Expansion.

December 31, 2009 | Leave a Comment

31 December 2009  Following a successful financial restructuring in which the shareholders of ACM Advanced Currency Markets (ACM) approved a capital increase of AED 100 million (CHF 30 million), the leading online FX broker has made key management appointments in its Middle East office to boost expansion plans in the region.  2009 proved to be [...]

Dec

31

China intends to invest $300 mln in Rusal..

December 31, 2009 | Leave a Comment

China Investment Corporation is considering the purchase of shares in Russia’s aluminum giant RusAl worth $300 million, the Zhongguo Wang news service said on Tuesday. Hong Kong Securities and Futures Commission allowed in December RusAl’s $2.5 billion initial public offering to be held on the Asian trading floor on condition that the world’s largest aluminum [...]

Dec

31

Kazakhmys secures up to $2.7bn loan package .

December 31, 2009 | Leave a Comment

LONDON – Kazakh copper producer Kazakhmys said it has secured a loan of up to $2,7-billion from China Development Bank and Kazakh state welfare fund Samruk-Kazyna to develop its growth projects. Most of the loan, about $2-billion, will fund the development of the Boschekul copper project in northern Kazakhstan, which could produce 12,5-million tons of [...]

Dec

31

China’s Jiangxi Copper hits 800 000 t output goal..

December 31, 2009 | Leave a Comment

HONG KONG – Jiangxi Copper Co Ltd, China’s top producer of the metal, achieved its 2009 output target of 800 000 t of refined copper even though production fell this month because of annual repairs, a company spokesman said on Wednesday. The figure represented a rise of 14% from 702 000 tonnes last year. Kang [...]

Dec

30

LME Copper Inventory 30 Dec 2009

December 30, 2009 | Leave a Comment

LME Inventory Update  Copper +10025MT Lead +850MT Zinc +1800MT Nickel +1038MT Aluminium -1800MT Tin +50MT.

Dec

29

Copper price hits 16-month high in London on Chilean copper strike votes..

December 29, 2009 | Leave a Comment

London copper prices rallied almost 3 percent to a 16-month peak on Tuesday after the Christmas break, chasing gains made in Shanghai over the holiday period. Strike votes at two large Chilean copper operations, Codelco’s Chuquicamata mine and Xstrata PLC’s Altonorte smelter, are seen lifting sentiment as the year grinds to a close and investors [...]

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