LME metals up, supported by the weak dollar, but gains limited, mostly resting on arbitrage bids for zinc, copper, says Singapore based LME trader. Says direction likely to come from U.S. June housing starts data at 1230 GMT. Adds, does not expect further gains ahead of the data with equity markets mixed, nervous. China based [...]

LME Inventory Update Copper -3250MT Lead -1000MT Zinc +1425MT Nickel 0MT Aluminum +48275MT Tin -245MT.

STOCKHOLM, July 19  – Miner and smelter Boliden (BOL.ST: Quote) narrowly missed second-quarter operating profit forecasts on Monday, hit by higher costs and sending its shares down more than 4 percent. The Swedish firm, mainly focused on copper and zinc, said the expansion of its Aitik mine had helped boost copper production by more than [...]

PERTH – Australian iron-ore-miner Cape Lambert has signed a term sheet with Aim-listed African Minerals for rail and port infrastructure for its Marampa project, in Sierra Leone. Cape Lambert would gain a 33% stake in the Marampa rail and Pepel port, jointly known as the Marampa infrastructure, for a $45-million investment in the refurbishment of [...]

LME Inventory Update Copper -3575MT Lead -200MT Zinc -225MT Nickel -534MT Aluminum -6325MT Tin +40MT.

LME Inventory Update Copper -775MT Lead -450MT Zinc +900MT Nickel -234MT Aluminum +5825MT Tin -10MT.

LME Inventory Update Copper -1650MT Lead +50MT Zinc -225MT Nickel -420MT Aluminum -8075MT Tin -125MT.

Growth in demand for commodities including metals in Asia is surging as nations ramp up infrastructure spending, according to the head of the London Metal Exchange, the biggest marketplace for industrial metals. “Everywhere we look in this region, we see growth,” Martin Abbott, chief executive officer of the LME, said in an interview on Bloomberg [...]

LUSAKA – Brazilian firm Vale plans to invest $400-million in Zambia’s Konkola North copper project, expected to start producing copper by 2013, executive director Eduardo Ledsham said on Thursday. Ledsham said while visiting Zambia, Africa’s largest copper producer, that the Konkola North project, Vale’s joint-venture project with African Rainbow Minerals was the first of other projects [...]

BEIJING – China’s central government plans to publish monthly prices for rare earth metals to avoid producers engaging in “cut-throat competition”, China Daily reported on Thursday. China dominates production with 95% of global supply of the group of metals, a crucial ingredient in the motor magnets used in hard disk drives, CD ROMS and DVDs and [...]

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