Reuters reported that First Quantum Minerals is close to securing about USD 1 billion in financing to expand its Zambian copper operations. The miner has an 80% stake in the Kansanshi mine in Zambia and also produces copper and gold from the Guelb Moghrein mine in Mauritania. Kansanshi produced about 230,000 tonnes of copper and [...]

Bloomberg reported that South Korea bought 2,000 tonnes of copper cathodes at a higher premium than its purchase in May. Bae Cheol Gyu Agency official said that the Public Procurement Service which stockpiles strategic commodities bought the grade A copper with more than 99.99% of purity from LS Nikko Copper Inc at USD 93 per [...]

MUMBAI (Commodity Online): Copper futures in India declined in unison with weak London Metal Exchange. Meanwhile, copper for three-month delivery fell 1.3% to $9,230.25 a tonne on the London Metal Exchange. At MCX Copper August contract is currently trading at Rs.413.50 per Kg, lower by 1.38 against the previous close. In the earlier session the [...]

Tintina Resources Inc announced that it has received additional assay results for a further four drill holes from this year’s program on its Sheep Creek Copper, Cobalt and Silver property located in Central Montana of USA. Upper Copper Zone at Strawberry East: 1. Drill hole SC11-049 intersected 7.19 meters grading 2.22% copper, 0.08% cobalt and [...]

LONDON, July 7 – Copper rose on Thursday to its highest in nearly three months as expectations of increasing demand from top consumer China and upbeat employment data from the United States, the world’s largest economy, boosted market sentiment. A strong trigger for higher levels in afternoon trade was European Central Bank President Jean-Claude Trichet [...]

Please respect FT.com’s ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email ftsales.support@ft.com to buy additional rights or use this link to reference the article – http://www.ft.com/cms/s/0/46ecc320-a660-11e0-ae9c-00144feabdc0.html#ixzz1RBIJcJSM The spike in global demand for industrial metals has sparked a fierce battle among UK demolition companies [...]

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 commodities in line with expectations. Head of resources research at UBS, Glyn Lawcock, [...]

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 on the London Metal Exchange closed at $6,469 [...]

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 [...]

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 up 2.1 percent at 14,600 yuan at the [...]

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