May
17
Greek political uncertainty rattles nerves * Traders say China exports 110,000 T of refined copper * Coming up: U.S. weekly jobless claims at 1230 GMT By Harpreet Bhal LONDON, May 17 (Reuters) – Copper rebounded on Thursday following hefty losses in the previous session that dragged prices to four-month lows, but gains were fragile as [...]
Jul
22
Shanghai copper seen up after LME hits 2-mth top..
July 22, 2010 | 1 Comment
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 results in the [...]
Jun
23
China May refined copper imports fall, demand up.
June 23, 2010 | 3 Comments
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 in April. China’s arrivals [...]
Jun
23
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. Jiangxi Copper would maintain its output target of 900,000 tonnes of refined copper this year versus last year’s output [...]
Feb
26
Copper rallies as weaker dollar sparks fund buying..
February 26, 2010 | Leave a Comment
Copper prices rose more than 2 percent on Friday as a weaker US dollar made metals cheaper for non-US investors and encouraged funds to buy.The euro rose against the yen on short-covering in the wake of its slide to a one-year low against the Japanese currency on Thursday, while the dollar was supported against the [...]
Feb
24
METALS-Shanghai copper to open steady after Bernanke pledge…
February 24, 2010 | Leave a Comment
SHANGHAI, Feb 25 - Shanghai copper is expected to open steady on Thursday, after U.S. Federal Reserve Chairman Ben Bernanke pledged to keep interest rates low for an extended period, but home sales data disappointed. FUNDAMENTALS * Three-month copper on the London Metal Exchange CMCU3 rose $23 to close to $7,155 a tonne on Wednesday, [...]
Feb
24
METALS-Shanghai copper lower on econ recovery worries…
February 24, 2010 | Leave a Comment
* Investors eyeing Bernanke testimony on monetary policy * China Jan refined copper imports at 196,926 T (Adds China trade data, comment; Updates prices) By Rujun Shen and Edmund Klamann SHANGHAI, Feb 24 - Shanghai copper fell more than a percent on Wednesday, tracking a drop in the London market in the previous session as [...]
Jan
15
Japan, BHP Agree on 38% Cut in Copper Fees..
January 15, 2010 | Leave a Comment
Some Japanese smelters have agreed to a 38 percent cut in copper treatment and refining charges (TC/RCs) for 2010 with BHP Billiton [BHP Loading... () ], an industry source said on Friday.The talks with BHP were drawn out as the major miner had been seeking an even deeper cut of about 43 percent. China’s top [...]
Jan
15
apan, BHP agree on 38 pct cut in copper fees..
January 15, 2010 | Leave a Comment
* BHP agrees on same 2010 TC/RCs as Freeport * Copper fees lowest since $42.5/4.25 cts for 08/09 mid yr (Adds detail) TOKYO, Jan 15 (Reuters) – Some Japanese smelters have agreed to a 38 percent cut in copper treatment and refining charges (TC/RCs) for 2010 with BHP Billiton Plc/LTD, an industry source said on [...]
Jan
3
Is Copper The New Precious Metal..
January 3, 2010 | Leave a Comment
Copper soared this week in London and New York, striking a new 16-month high, and headed for the biggest annual gain (140%) in more than two decades, as traders fretted about possible strikes at Codelco’s giant Chuquicamata mine may disrupt supplies from key producer – Chile. (Fig. 1) Defying the Dollar The dollar remained strong [...]