http://copperprice.in Global Copper market Price and Daily Copper Tips Fri, 23 Jul 2010 04:34:40 +0000 http://backend.userland.com/rss092 en London --Flat products prices in most of Europe have slipped slightly from a peak in June according to MEPS, the UK-based steel consultancy. This in spite of third quarter contract values in Scandinavia being higher than spot figures in mainland Europe. Flat products prices ... http://copperprice.in/news/nordic-steel-prices-stronger-than-rest-of-europe-meps.html SINGAPORE July 23 - Shanghai copper is poised to open firmer on Friday, chasing London which touched two-month peaks and is headed for its best weekly gain since February on fund buying and technical factors. Copper and the rest of the base metals complex could extend the rally if bank stress test ... http://copperprice.in/news/shanghai-copper-seen-up-after-lme-hits-2-mth-top.html Through a comparative analysis on the development of copper ores mining industry in 31 provincial regions and 20 major cities in visualized form of data map, the report provides key data and concise analyses on the copper ores mining industry in China, a list of top 20 enterprises ... http://copperprice.in/news/china-copper-ores-mining-industry-profile-includes-a-comprehensive-comparison-of-operating-conditions-among-different-enterprise.html LME 3month forwards CMP : Copper 6980 (-50) Lead 1915 (-15) Zinc 1920 (-25) Nickel 20100 (0) Aluminum 2057(0) http://copperprice.in/news/lme-3month-forwards-23-jul-2010.html LME Inventory Update Copper -1975MT Lead -1150MT Zinc -50MT Nickel -444MT Aluminum +2925MT Tin -145MT. http://copperprice.in/news/lme-copper-inventory-21-jul-2010.html TORONTO – US coal producer Peabody Energy earned income from continuing operations of $214,7-million in the second quarter, up 138% from $90-million a year earlier, the company reported on Tuesday. Results were boosted by strong increases in volumes from the company's Australian operations, as well as higher ... http://copperprice.in/news/peabody-energy-profit-jumps.html PERTH – China’s National Development Reform Commission has approved Chongqing Chonggang Minerals Development’s (CCMD’s) A$280-million investment in the Extension Hill magnetite project, in Western Australia, paving the way for the Chinese group to take a 60% stake in the project. Australia’s Foreign Review Investment Board approved ... http://copperprice.in/news/china-approves-ccmd%e2%80%99s-a280m-wa-iron-ore-investment.html Current quarter production was impacted by tie-in activities at Western Australia Iron Ore as Rapid Growth Project 4 continues to ramp up.The production of iron ore by BHP Billiton Ltd. in the fourth quarter ended June 30 rose 16% from last year. The iron ore production touched ... http://copperprice.in/news/bhp-billiton-q4-iron-ore-output-up-16-yoy.html Bureau of Health Promotion (BHP) yesterday announced the results of the comparison between men and women on health. It showed that women are far healthier than men. BHP compared the average life expectancy, death rates of top diseases, risk factors, health awareness, medical behaviors and health ... http://copperprice.in/news/women-far-healthier-than-men-live-longer-bhp.html BHP BILLITON is taking advantage of strong prices for metallurgical coal with quarterly shipments sharply up, latest figures show. In a solid final production report for fiscal 2010, the world's biggest resources company also revealed better than forecast petroleum output, with other ... http://copperprice.in/news/bhp-billiton-rips-it-with-expensive-metcoal-shipments.html 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 ... http://copperprice.in/news/lme-metals-up-supported-by-the-weak-dollar.html LME Inventory Update Copper -3250MT Lead -1000MT Zinc +1425MT Nickel 0MT Aluminum +48275MT Tin -245MT. http://copperprice.in/news/lme-copper-inventory-20-jul-2010.html 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 ... http://copperprice.in/news/boliden-misses-q2-forecast-on-higher-costs-shares-off.html 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, ... http://copperprice.in/news/cape-lambert-inks-infrastructure-deal-for-sierra-leone-project.html LME Inventory Update Copper -3575MT Lead -200MT Zinc -225MT Nickel -534MT Aluminum -6325MT Tin +40MT. http://copperprice.in/news/lme-copper-inventory-19-jul-2010.html LME Inventory Update Copper -775MT Lead -450MT Zinc +900MT Nickel -234MT Aluminum +5825MT Tin -10MT. http://copperprice.in/news/lme-copper-inventory-15-jul-2010.html LME Inventory Update Copper -1650MT Lead +50MT Zinc -225MT Nickel -420MT Aluminum -8075MT Tin -125MT. http://copperprice.in/news/lme-copper-inventory-12-jul-2010.html 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 ... http://copperprice.in/news/commodities-demand-driven-by-impressive-asian-growth-lmes-abbott-says.html 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 ... http://copperprice.in/news/vale-to-invest-400m-in-zambias-konkola-north-copper-project.html 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 ... http://copperprice.in/news/china-plans-to-fix-rare-earth-prices-%e2%80%93%ef%bb%bf-report.html JSW Steel, part of the O P Jindal Group, has reported a growth of 14 per cent in its crude steel production in the first quarter of the current financial year over the corresponding period last year. The company produced 1.57 million tonnes of crude steel during ... http://copperprice.in/news/jsw-steel-produces-14-more-crude-steel-in-q1-fy11.html According to a report released by Chinese steel giant Baosteel Corporation, the Chinese domestic steel market will see further declines in prices and sales volumes in the second half of 2010. The company also pointed out in its report that domestic steel demand as well as steel ... http://copperprice.in/news/baosteel-expects-chinese-steel-market-to-decline-further-in-h2.html LME Inventory Update Copper -2100MT Lead -325MT Zinc -300MT Nickel -666MT Aluminum -5875MT Tin -130MT. http://copperprice.in/news/lme-copper-inventory-09-july-2010.html LME Inventory Update Copper -2350MT Lead +500MT Zinc -25MT Nickel -456MT Aluminum +4700MT Tin +55MT. http://copperprice.in/news/lme-copper-inventory-07-jul-2010.html NEW YORK July 6 - U.S. copper futures ended up at a one-week high on Tuesday, as improved risk appetite and a weaker dollar briefly boosted prices through the $3 per lb level, before a late reversal in equity markets dragged the red metal away from its session peak. For detailed report on ... http://copperprice.in/news/us-copper-ends-at-1-wk-top-equity-slide-saps-move.html Sydney - Xstrata, the biggest exporter of power-station coal, resumed work on a A$6bn ($5bn) mine and Rio Tinto Group revived a study for an iron ore expansion after Australia reduced a planned resource profits tax, says Bloomberg News, citing the companies. Work and exploration will restart at ... http://copperprice.in/news/xstrata-resumes-work-on-a6bn-mine.html Rio Tinto Group, the world's third- largest mining company, expects more mergers and acquisitions in the Australian iron ore sector as China seeks to secure supplies of the steelmaking material. Australian companies can't finance all the iron ore projects by themselves and need external funds to develop, ... http://copperprice.in/news/rio-sees-more-mergers-in-australian-iron-ore-sector.html Commodities may extend the worst slump since 2008 this quarter after an advance in June proved short-lived, Barclays Capital said, citing trading patterns. The Reuters/Jefferies CRB Index of 19 raw materials ended the second quarter with a decline of 5.4 percent, the most since the final three months of 2008, ... http://copperprice.in/news/commodities-may-extend-drop-this-quarter-on-open-gap-technical-analysis.html SINGAPORE July 7 - Shanghai copper was seen opening higher on Wednesday, while London futures dipped, paring the previous session's rally of 2 percent as a run on the dollar to a six-week low slowed. FUNDAMENTALS * Three-month copper on the London Metal Exchange CMCU3 fell $34 to $6,570 by 0034 GMT. When ... http://copperprice.in/news/metals-shanghai-copper-seen-higher-lme-eases.html US mill order books are soft and delivery lead times have fallen to four weeks for hot rolled coil. Demand is slowly reducing, which is to be expected at this time of the year, MEPS said. The consultancy also noted that transaction prices have ... http://copperprice.in/news/meps-north-american-average-steel-price-drops-6-7-in-june.html Falcon is pleased to announce that it has received final assay results from the recent diamond drilling program at the Olympia Prospect in the Duketon Greenstone Belt, Western Australia. The drilling programme comprised 10 diamond drillholes for 3101m on six 40/50m-spaced lines (see Table 1) and was devised to better define and test ... http://copperprice.in/news/drilling-results-confirm-continuous-ni-cu-pge-zone-at-olympia-prospect-collurabbie.html Base metals traded on the London Metal Exchange rose in Asian trade Tuesday after initial falls at the opening of the LME Select trading platform.Traders and strategists said that after arbitrage trade between the London and Shanghai Futures Exchange, signs of firmer physical demand from China helped sustain the market. ... http://copperprice.in/news/base-metals-traded-on-the-london-metal-exchange.html LME Inventory Update Copper -2800MT Lead -275MT Zinc +0MT Nickel -342MT Aluminum -5925MT Tin -270MT. http://copperprice.in/news/lme-copper-inventory-06-jul-2010.html July 6  -  The world’s biggest copper producers are warning of looming supply limits at the same time that growing concerns about the global economy leave investors with the largest losses in nine years. While London Metal Exchange futures anticipate prices no higher than $6,519.50 a metric ... http://copperprice.in/news/copper-shortage-looms-for-macquarie-as-codelco-sees-mine-limits.html Copper rose for a second day in London on speculation that last week’s drop was exaggerated at a time when inventories of metal are at a seven-month low, indicating steady demand. Stockpiles tracked by the London Metal Exchange fell for a 12th day today and have slid for 33 of the ... http://copperprice.in/news/copper-gains-for-second-day-in-london-on-speculation-drop-was-exaggerated.html London - Asian Average stainless steel transaction values dropped in June, the first reduction since October 2009 and the dip occurred slightly earlier had been anticipated, MEPS, the U.K.-based steel consultancy said Monday. MEPS said decreases were noted in three out of the countries ... http://copperprice.in/news/asian-average-stainless-steel-price-dropped-in-june-meps.html The Indian markets opened in the green with gains of close to 0.3 per cent today on the back of some strength in the Asian markets. At 9.10 am the BSE Sensex was up 51 points to 17,492 and the NSE Nifty added 11 points to 5,247. ... http://copperprice.in/news/sensex-trades-flat-metals-lead-the-gains.html LONDON: Copper edged higher on Monday, helped by general dollar weakness, steadier equity markets, arbitrage buying in Shanghai and on the view that last week's fall had hit support. Trade was quiet, however, due to a national holiday in the United States. Benchmark copper for three-months delivery ... http://copperprice.in/news/copper-inches-up-dollar-equities-help.html LME 3month forwards CMP : Copper 6495 (+20) Lead 1770 (+10) Zinc 1830 (+30) Nickel 18745 (+45) Aluminum 1935(+0) http://copperprice.in/news/lme-3month-forwards-cmp-06-jul-2010.html TORONTO, July 4 - Vale said on Sunday it reached a tentative contract agreement with workers at its Sudbury, Ontario, nickel and copper mining operation, signaling the end of a bitter, year-long strike. The Brazilian mining giant said it struck a deal with the United Steelworkers Local 6500 and 6200 ... http://copperprice.in/news/vale-says-deal-reached-with-striking-ontario-miners.html NEW YORK/LONDON, July 2 - Copper bounced on Friday, as the dollar fell against a basket of major currencies and investors digested key employment data in the United States. Copper for September delivery HGU0 on the COMEX metals division of the New York Mercantile Exchange ended up 3.90 cents, or nearly ... http://copperprice.in/news/metals-copper-ends-up-on-dlr-demand-concerns-limit-gains.html Xstrata Ltd on Friday reinstated about A$600 million ($508 million) copper mining and exploration projects in Australia after the government watered down a proposed mining tax. Work would now start to extend the company's Ernest Henry mine in Queensland state by at least 12 years to 2024, ... http://copperprice.in/news/xstrata-restarts-copper-projects-after-tax-rejig.html LUSAKA – Copper production in Zambia, Africa's leading producer, rose 16% in the first five months of 2010, shored up by rising global metals prices, Bank of Zambia figures showed on Friday. Copper output at 321 132 t from January to May was higher than ... http://copperprice.in/news/zambia-jan-to-may-copper-output-up-16.html LME Inventory Update Copper-2800 MT Lead-75 MT Zinc-225 MT Nickel-906 MT Aluminum -6100MT Tin -195MT. http://copperprice.in/news/lme-copper-inventory-05-july-2010.html LME Inventory Update Copper -2125MT Lead -775MT Zinc -75MT Nickel -348MT Aluminum -5150MT Tin -205MT. http://copperprice.in/news/lme-copper-inventory-02-july-2010.html OHANNESBURG -  South African power utility Eskom said on Friday it cannot afford demands sought by unions, widening a strike threat that could disrupt power supply during the soccer World Cup. "We cannot afford that as a company," Eskom Chief Executive Officer Brian Dames said. A second union ... http://copperprice.in/news/s-africas-eskom-says-it-cannot-afford-unions-demands.html Metminco  have reported that following phase two drilling by Hampton Mining, resources at Hampton’s Los Calatos Project in Peru have increased by approximately 350% to 926 million tonnes. Metminco has a 69.4% interest in Hampton. The project is at an early stage (~ 21,000m drilling) exploring a ... http://copperprice.in/news/metminco-upgrades-copper-resource-at-los-calatos-by-350-to-926mt.html THE high copper price and its subsequent positive effects on related industries have assisted some South African companies to emerge from hard times. Bell Equipment , which posted a net loss of R372m for the financial year to March , said the increase in the copper price, ... http://copperprice.in/news/expensive-copper-helps-some-sa-firms.html LME Inventory Update Copper -1675MT Lead +525MT Zinc -150MT Nickel -258MT Aluminum -6050MT Tin -970MT. http://copperprice.in/news/lme-copper-inventory-01-july-2010.html LONDON, Jun 30, 2010 African Copper PLC (ACU.LN), a copper deposits explorer focused on Botswana, said Wednesday that for the 15 months ended March 31, it made a pretax profit of GBP30.7 million on revenue of $7.4 million. MAIN FACTS: -Revenue $7.4 million (12 months ended Dec. 31, 2008: ... http://copperprice.in/news/dj-african-copper-15-months-pretax-profit-30-7m.html SAN FRANCISCO – Fluor Corp has won a $1,3-billion contract for work on a new copper mine in central Chile, adding to a growing backlog of mining projects for the largest publicly traded US engineering company. Fluor said on Tuesday it would handle the engineering and construction on ... http://copperprice.in/news/fluor-wins-13bn-chile-copper-mine-contract.html CHENGDU, China, June 30  - An Afghanistan copper mine joint venture between Metallurgical Corp of China (MCC) and Jiangxi Copper is expected to start production of copper concentrates in 2013, an MCC executive said on Wednesday. This is two year's later than the end-2011 startup date ... http://copperprice.in/news/china-mcc-afghan-copper-mine-to-start-output-in-2013.html LME 3month forwards CMP : Copper 6521(+41) Lead 1729 (+19) Zinc 1775 (+15) Nickel 19255 (+95) Aluminum 1943(-7) http://copperprice.in/news/lme-3month-forwards-cmp-30-jun-2010.html LME Inventory Update Copper -850MT Lead +400MT Zinc +1400MT Nickel -336MT Aluminum -5475MT Tin -195MT. http://copperprice.in/news/lme-copper-inventory-30-jun-2010.html Copper rose for a third day in London after a U.S. report on personal spending signaled improved growth, boosting demand for industrial metals. Consumer spending in the U.S. rose in May more than forecast, a sign households are gaining confidence in the recovery and the job market. Purchases rose 0.2 percent ... http://copperprice.in/news/copper-rises-for-third-day-on-expectations-u-s-spending-will-show-growth.html Tuesday, June 29, 2010 As the price of copper continues to rise, one company that is a frequent victim of theft of the metal has offered a $10,000 reward to stop the crime. A spokesman at Duquesne Light Co. said many of its 211 electric power substations and 300 ... http://copperprice.in/news/copper-prices-make-electric-substations-prime-targets.html SHANGHAI June 29 - Shanghai copper is expected to open steady on Tuesday, as concerns over the pace and scale of economic recovery weigh after mixed U.S. economic data were released. FUNDAMENTALS * Three-month copper on the London Metal Exchange CMCU3 fell $59 to $6,810 by 0026 GMT on Tuesday, paring some ... http://copperprice.in/news/metals-shanghai-copper-to-open-steady-econ-concerns-linger.html LME 3month forwards CMP : Copper 6637(-33) Lead 1786 (-14) Zinc 1799 (-8) Nickel 19920 (-5) Aluminum 1981(-10) http://copperprice.in/news/lme-3month-forwards-29-jun-2010.html LME Inventory Update Copper -1225MT, Lead +125MT, Zinc -200MT, Nickel -1146MT, Aluminum -7075MT, Tin -15MT. http://copperprice.in/news/lme-copper-inventory-29-jun-2010.html LME Inventory Update : Copper -1075MT, Aluminum -5775MT, Nickel -804MT, Zinc -700MT, Lead +625MT, Tin -110MT. http://copperprice.in/news/lme-copper-inventory-28-jun-2010.html LME Inventory Update Copper -1725MT Lead +425MT Zinc -900MT Nickel -804MT Aluminum -10300MT Tin -35MT. http://copperprice.in/news/lme-copper-inventory-24-jun-2010.html Apparent daily appetite for refined copper in China, the world's top consumer, grew 5 percent in May from April, Reuters calculations show, as a fall in imports was offset by rising output and a drop in stock levels. Copper consumption came in at just over 700,000 tonnes last month, versus 650,000 ... http://copperprice.in/news/china-may-refined-copper-imports-fall-demand-up.html COPPER mines in Zambia, Africa’s top producer of the metal, are back in full production after a nationwide blackout halted output on Friday, a senior Government official and mining companies said on Monday. Copperbelt Province Permanent Secretary Villie Lombanya told Reuters all the mines had returned ... http://copperprice.in/news/copper-production-back-in-full-swing.html HONG KONG, June 23  - China's top copper producer Jiangxi Copper <0358.HK><600362.SS> said on Wednesday that production at its copper mines and plants in Guixi city in flood-hit Jiangxi province was not affected by recent flooding. ... http://copperprice.in/news/jiangxi-copper-says-production-unaffected-by-china-flood.html LME Inventory Update Copper -425MT Lead -100MT Zinc -50MT Nickel -756MT Aluminum +6325MT Tin -580MT. http://copperprice.in/news/lme-copper-inventory-23-jun-2010.html LME Inventory Update Copper -100MT Lead -525MT Zinc -25MT Nickel -606MT Aluminum -10000MT Tin -205MT. http://copperprice.in/news/lme-copper-inventory-22-jun-2010.html LME 3month forwards CMP : Copper 6560 (-9) Lead 1802 (-13) Zinc  1775 (-5) Nickel 19325 (-50) Aluminum 1938 (-7) http://copperprice.in/news/lme-copper-3month-forwards.html An explosion killed three copper miners in central Kazakhstan on Sunday, mine owner Kazakhmys said. Kazakhmys is the world's eighth-largest copper miner and its shares trade on the London Stock Exchange. A company spokeswoman, reading from a news statement, said a fourth miner had also been injured in ... http://copperprice.in/news/kazakh-copper-mine-explosion-kills-three.html VANCOUVER, June 21 /PRNewswire-FirstCall/ - Catalyst Copper Corp. (the "Company" or "Catalyst") today announced Falcon Drilling has mobilized two diamond drill rigs to the La Verde property, located in Michoacan State, Mexico, and that drilling has commenced on the 2010 exploration program. Porphyry copper mineralization at ... http://copperprice.in/news/catalyst-copper-corp-2010-drill-program-commences-on-la-verde-project.html LME 3month forwards CMP : Copper 6580 (-110) Lead 1810 (+15) Zinc  1790 (-15) Nickel 19800 (-360) Aluminum 1982 (-28) http://copperprice.in/news/lme-3month-forwards-22-jun-2010.html Mcx June Copper Buy At 302.9 to 303.15 Stop Loss Below 300.50 TGT 305.50/307 Current Market Price 303.50 http://copperprice.in/news/mcx-june-copper-buy-21-jun-2010.html LME Inventory Update Copper -475MT Lead -375MT Zinc -100MT Nickel -1014MT Aluminum -6825MT Tin -305MT. http://copperprice.in/news/lme-copper-inventory-21-jun-2010.html Shanghai Weekly Inventory: Copper -3388MT, Aluminum -60MT, Zinc -23186MT. http://copperprice.in/news/shanghai-weekly-inventory-3.html LME Inventory Update: Copper -2750MT, Aluminum -7025MT, Nickel -1254MT, Zinc +850MT, Lead -1050MT, Tin -35MT. http://copperprice.in/news/lme-copper-inventory-18-jun-2010.html SHANGHAI June 18 - Shanghai copper fell in early trade on Friday, after London copper prices touched a one-week low in the previous session, as sentiment soured after disappointing U.S. data. FUNDAMENTALS * Three-month copper on the London Metal Exchange CMCU3 rose $4 to $6,450 by 0132 GMT on Friday, hovering above a one-week low ... http://copperprice.in/news/metals-shanghai-copper-falls-0-6-pct-u-s-data-weighs.html India June MCX copper futures down 1.7% at one-week low of INR302.70/kg due to concerns that euro zone fiscal crisis may hamper demand, arbitrage between London, China markets leading to fall in LME; firm euro, equity markets pare losses. Investors watching out for U.S. May consumer price index data and ... http://copperprice.in/news/india-june-mcx-copper-futures-down.html LME 3month forwards CMP : Copper 6481 (-16) Lead 1719 (+7) Zinc 1755 (+1) Nickel 19470 (+120) Aluminum 1962 (0) http://copperprice.in/news/lme-3month-forwards.html June 16 -- Australia’s resource tax rate will be 40 percent and won’t be set at different levels for various commodities, Resources Minister Martin Ferguson said as companies look for a compromise on how the levy will be applied. “We’re not talking about different tax rates,” Ferguson told Australian Broadcasting Corp. ... http://copperprice.in/news/australia%e2%80%99s-resource-tax-will-be-40-ferguson-says.html PERTH – Emerging iron-ore developer FerrAus has increased its measured and indicated resource for the Pilbara iron-ore project, in Western Australia, by 116%. The resource total for the project has now reached 297,2-million tons, up 7% from the previous resource estimate. FerrAus CEO Mike Amundsen said on Wednesday ... http://copperprice.in/news/ferraus-increases-pilbara-resource-estimate.html Reliance Steel and Aluminum (NYSE: RS) closed yesterday at $45.61. So far the stock has hit a 52-week low of $32.85 and 52-week high of $55.47. Reliance Steel and Aluminum stock has been showing support around 43.51 and resistance in the 46.75 range. Technical indicators for ... http://copperprice.in/news/reliance-steel-and-aluminum-rs-61610-pricewatch-alert-at-41-31-break-even.html Reliance Steel and Aluminum (RS) was upgraded today by analysts at UBS and the stock is now at $45.89, up $0.28 (0.61%) on volume of 521,253 shares traded. The stock was upped to Buy from Neutral. Over the last 52 weeks the stock has ranged from a ... http://copperprice.in/news/reliance-steel-and-aluminum-rs-newsbite-rs-upgraded-by-ubs.html Aluminum Corporation of China (NYSE: ACH) closed yesterday at $20.90. So far the stock has hit a 52-week low of $18.03 and 52-week high of $34.27. Aluminum Corporation of China stock has been showing support around 19.87 and resistance in the 21.41 range. Technical indicators for ... http://copperprice.in/news/aluminum-corporation-of-china-ach-appears-on-investors-observer-volume-leaders-list.html Hallgarten & Company's Christopher Ecclestone forecasts "zinc and lead could be back at the 90 cts level within weeks, and should end the year above $1 per lb." In an analysis published Wednesday, Ecclestone said Hallgarten's 12-month outlook is for zinc to again reach $1.10 or slightly higher. "Zinc ... http://copperprice.in/news/looming-zinc-production-shortage-will-spike-prices.html SHANGHAI - Shanghai copper eased after rising more than 2 percent in early trade, as momentum was slowed by China demand concerns, mixed U.S. economic data and traders eyed a meeting of European leaders on euro zone debt woes. ... http://copperprice.in/news/shanghai-copper-gains-soften-on-demand-concern-us-data.html RENO- After several years of protests, litigation and delays attributed to the global economic downturn, the U.S. is about to get its first new primary nickel mine in years in the historic mining region of the Upper Peninsula of Michigan. Rio Tinto announced Tuesday it will invest $469 ... http://copperprice.in/news/yesterdays-top-story-rio-tinto-allocates-469mn-to-build-first-new-u-s-primary-nickel-mine.html GETTYSBURG - A long day scaling Little Round Top and touring the battlefield here can be an engrossing experience - and one that leaves a sudden hunger for a good meal. The choices in this tourist mecca have traditionally been a cyclorama of junk-food horrors, from endless options ... http://copperprice.in/news/in-gettysburg-area-three-chefs-lead-a-charge-for-finer-dining-read-more-httpwww-philly-comphillyrestaurants20100617_in_gettysburg_area__three_chefs_lead_a_charge_for_finer_dining-htmlixzz0r6.html SHANGHAI - Shanghai copper opened up 2.3 percent on Thursday, chasing a 3 percent rally on the London Metal Exchange while the Chinese market was shut Monday through Wednesday. Shanghai aluminium rose about half a percent at 14,630 yuan a tonne, and the third-month zinc contract was ... http://copperprice.in/news/shanghai-copper-opens-up-2-pct-after-holiday.html Base metals were lower on the London Metal Exchange in Asia Thursday as the return of China-based traders after a three-session holiday saw some heavy early selling. At the Shanghai open, the Shanghai Futures Exchange contract was at a $180 discount to the LME equivalent, meaning China-based ... http://copperprice.in/news/base-metals-were-lower-on-the-london-metal-exchange.html LME Inventory Update Copper +1025MT Lead -850MT Zinc -225MT Nickel -660MT Aluminum -6725MT Tin -90MT. http://copperprice.in/news/lme-copper-inventory-17-jun-2010.html LME Inventory: Copper -1650MT, Aluminum +9550MT, Nickel -1158MT, Zinc -575MT, Lead -400MT, Tin -280MT. http://copperprice.in/news/lme-copper-inventory-15-jun-2010.html LME Inventory Update Copper -1825MT Lead +175MT Zinc +225MT Nickel -474MT Aluminum -10500MT Tin -185MT. http://copperprice.in/news/lme-copper-inventory-14-jun-2010.html China's leading alumina maker Aluminum Corp of China said it has had no internal discussions on pulling out of its $2.5 billion Aurukun bauxite project in Australia, and is carrying out feasibility studies and comparing proposals. The Australian Financial Review said Chinalco's listed unit Chalco may drop ... http://copperprice.in/news/chinalco-says-no-plan-to-withdraw-from-australia-project.html 2010-06-10. Steel mills in China, the world's biggest, are resisting efforts by Vale SA, Rio Tinto Group and BHP Billiton Ltd. to raise contract prices after steel dropped and the European debt crisis roiled markets, the China Iron & Steel Association said. "The outlook for the European market is ... http://copperprice.in/news/chinas-mills-are-resisting-higher-iron-ore-prices.html Paper maker and packager Amcor has received approval from the United States Department of Justice to acquire Alcan's Medical Flexibles operations from miner Rio Tinto. The Medical Flexibles operations are part of the $2.22 billion acquisition of the Alcan packaging unit from Rio Tinto, which Amcor completed ... http://copperprice.in/news/amcor-gets-us-nod-for-alcan-acquisition.html 10 June 2010, Comex gold futures Thursday closed slightly lower on more profit-taking pressure and consolidation. No significant chart damage has occurred during this latest pullback in prices. August Comex gold closed down $7.70 an ounce at $1,222.20. U.S. stock indexes and crude oil prices ... http://copperprice.in/news/comex-gold-ends-down-on-more-profit-taking-better-investor-risk-appetite.html MELBOURNE  -- BHP Billiton Ltd. (BHP.AU) said Friday that a planned resource super profits tax in Australia should either be substantially redesigned to address fundamental failings or scrapped altogether. In a letter to shareholders, BHP Chairman Jac Nasser said the government has failed to acknowledge problems with ... http://copperprice.in/news/bhp-urges-revamp-or-scrapping-of-mining-tax-plan.html Jun 10, 2010 OZ Minerals has a $A1bn acquisitions war chest, and it will target copper projects of between 50,000 and 150,000 tonnes per annum. CEO Terry Burgess says the uncertainty created by the proposed tax on mining profits will make it more difficult for the ... http://copperprice.in/news/oz-minerals-can-cash-in-on-falling-copper-prices.html LONDON - Copper rose to its highest in nearly a week on Thursday supported by a stronger euro and expectations Chinese demand would forge on despite mixed imports data from the world's top base metals consumer. China's copper imports at around 397 000 tons were slightly below ... http://copperprice.in/news/copper-gains-on-euro-china-demand-prospects.html LME 3 Month Forwards CMP Copper 6900 (+75) Lead 1695 (+35) Zinc 1730 (+8) Nickel 18850 (-355) Aluminum 1959 (+39) http://copperprice.in/news/lme-3-month-forwards-data.html Gold was down in Asia Thursday with negative cues leaving trade lackluster, as improved sentiment in financial markets after moderately upbeat comments from Federal Reserve Chairman Ben Bernanke on the U.S. economy and strong Chinese exports data for May damped the metal's appeal.The physical market remains quiet with most of ... http://copperprice.in/news/gold-was-down-in-asia.html