Jul
9
Commodities Demand Driven by `Impressive’ Asian Growth, LME’s Abbott Says..
July 9, 2010 | 2 Comments
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 [...]
Jul
5
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 ton through the end of 2011, or 1.2 [...]
Jul
5
Copper Gains for Second Day in London on Speculation Drop Was Exaggerated..
July 5, 2010 | Leave a Comment
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 past 34 sessions. Bookings [...]
Jun
29
Copper Rises for Third Day on Expectations U.S. Spending Will Show Growth..
June 29, 2010 | Leave a Comment
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 after little change the [...]
Jun
2
Copper, aluminum and zinc declined on concern slumping property transactions and slowing manufacturing growth in China, the world’s biggest metals consumer, may hurt demand for commodities. Lead, nickel and tin fell. Three-month delivery copper lost as much as 2.4 percent to $6,769.75 a metric ton on the London Metal Exchange, and traded at $6,770 a [...]
Feb
26
Posco to Pursue Mine Investments ‘More Aggressively’ (Update3)..
February 26, 2010 | Leave a Comment
Feb. 26 — Posco, Asia’s most profitable steelmaker, will “aggressively” pursue investments in mines as the costs of iron ore and coal escalate with the economic recovery. “The company will pursue investments in overseas mines more aggressively to secure raw materials,” Chief Executive Officer Chung Joon Yang said at a shareholder meeting in Seoul. Posco [...]
Feb
26
Smelters May Win Higher Zinc Fees as Mine Supply Increases..
February 26, 2010 | Leave a Comment
Feb. 26 — Korea Zinc Co., the world’s second- largest smelter, and Mitsui Mining & Smelting Co., may win higher processing fees on increased mine supply, said analysts Atsushi Yamaguchi and Kim Gyung Jung. “We expect a small increase of 2.5 percent this year as mine supply is now enough,” said Yamaguchi, a Tokyo-based analyst [...]
Feb
24
Copper Futures Decline After U.S. Consumer Confidence Drops..
February 24, 2010 | Leave a Comment
Feb. 23 — Copper fell the most in almost three weeks after a report showed that confidence among U.S. consumers slid to the lowest level since April, a sign that the recovery in the world’s largest economy may be slow. The Conference Board’s gauge of consumer sentiment declined to 46 in February, the business-backed group [...]
Feb
18
Atlas ships 5,504 wet metric tons of copper to Chinese client…
February 18, 2010 | Leave a Comment
MANILA, Feb 18, 2010 Atlas Consolidated Mining and Development Corporation, in a disclosure to the Philippine Stock Exchange, announced that it has successfully completed the third shipment of copper concentrates amounting to 5,504 wet metric tons (wmt) to its Chinese client last February 16. The copper ore come from the mining firm’s Carmen Copper Corporation [...]
Feb
18
PHILIPPINES CO ATLAS SHIPS 5,504 WET METRIC TONS OF COPPER TO CHINA CLIENT..
February 18, 2010 | Leave a Comment
MANILA, Feb 18, 2010 Atlas Consolidated Mining and Development Corporation (PSE:AT), in a disclosure to the Philippine Stock Exchange, announced that it has successfully completed the third shipment of copper concentrates amounting to 5,504 wet metric tons (wmt) to its Chinese client on February 16. The copper ore come from the mining firm’s Carmen Copper [...]