LME INVENTORY DATA: Copper -575 MT lead +125MT, Nickle +336MT, Zinc -50 MT, Aluminum -4700 MT , tin +80MT.

LME INVENTORY DATA: Copper -625 MT, lead +1200MT, Nickle -258MT, Zinc +0 MT Aluminum +30075 MT , tin -35MT.

Global mining giant BHP Billiton Tuesday said it would now sell iron ore to most Asian steel mills on a short-term basis, scrapping an annual pricing model that provoked acute tensions with China. Skip related content Related photos / videos A construction worker prepares steel reinforcing rods at a building site in Shanghai Enlarge photo [...]

Mining giant BHP Billiton says it has reached agreement to sell most of its iron ore on shorter term contracts. “BHP Billiton today announced that it had reached agreement with a significant number of customers throughout Asia to move existing iron ore contracts that were previously priced annually onto a shorter term landed price equivalent [...]

Mar 29, 2010 Mining MarketWatch Journal has published a review on Duran Ventures Inc. (TSX VENTURE: DRV | Quote | Chart | News | PowerRating) (Pink Sheets: DUVNF | Quote | Chart | News | PowerRating) offering insight and opportunity afforded investors as DRV.V is advancing their 100% owned concessions located in Central Peru where [...]

BMO Capital Markets Global Commodity Strategist Bart Melek expects nickel and copper prices to firm over the next several months as real physical supply/demand fundamentals improve. In a note published Sunday, Melek advised, “Given the need to restock consumer inventories, the strengthening global recovery and higher stainless smelting rates should continue to rally both nickel [...]

Mar. 29, 2010  - Jiangxi Copper Co Ltd<600362><0358>, which is principally engaged in the production, processing and sale of copper cathode, rods and wire, will spend RMB 800 million at least to gain a controlling stake in Yantai Penghui Copper Industry Co Ltd. Reportedly, the State-owned Assets Supervision and Administration Commission of Yantai, Shandong Province [...]

March 29 – Copper gained for a third day and nickel climbed to the highest price since June 2008 as falling stockpiles boosted investor confidence in global demand. Prices rallied after London Metal Exchange copper inventories fell for the 18th day to 516,925 tons on March 26, the longest period of declines since July 2009. [...]

LME Inventories Update: Copper -1900 Lead +250 Zinc -50 Nickel -1074 Alu -6975 Tin -20.

Montreal- The U.S. Commodity Futures Trading Commission will lend an ear to more than a dozen players in the metals sector Thursday as it examines whether to try and impose curbs on speculative trading in metals futures contracts such as gold, silver, platinum, palladium. The CFTC’s move is seen as controversial, and Thursday’s hearing is [...]

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