The International Copper Study Group found world refined copper usage was higher than production by 155,000 tonnes between the months of January and May 2008. The same period a year-ago showed a 238,000 tonne deficit. The Lisbon-based ICSG said world refined copper output in January to May was 7.553 million tonnes, while consumption totaled 7.708 [...]
Read the full article: "Copper Market Deficit"
Friday, August 29, 2008
US copper futures dropped again on rising inventories and concerns about China’s demand for copper. Warehouse stocks in London increased again by 3,325 tonnes putting them close to a seven month high. Although the latest copper stock data out of China should have been supportive, the markets seem more concerned with units that are apparently [...]
Read the full article: "US Copper Down"
Friday, August 29, 2008
According to Norddeutsche Affinerie, the world demand for copper is still strong despite a slowing global economy. Norddeutsche is Europe’s largest copper producer. The copper market has so far displayed robustness in the face of the crisis in financial markets and the worldwide slowdown in global economic growth,” the company said in a statement accompanying [...]
Read the full article: "Global Copper Demand Strong"
Friday, August 29, 2008
China’s Yunnan province will see a 300,000 ton deep-processing copper project in the Qidian Industry Park in Kunming thanks to The Aluminum Corporation of China (Chalco). The $290 million project is one of the largest copper-processing projects ever planned in China. It will process 100,000 metric tons of copper plate and 200,000 metric tons of [...]
Read the full article: "Chalco Begins 300,000-Ton Copper Project"
Friday, August 29, 2008
World’s largest copper producer, Codelco, submitted an environmental impact study regarding their intention to implement a $1.7 billion power plant that would supply electricity to its four mining divisions. The four, Chile base, divisions include Codelco Northern, El Salvador, Andina and El Teniente. The Central Termoelectrica Energia Minera project includes the construction of a thermoelectric [...]
Read the full article: "Codelco Awaiting Environmental Permits"
Thursday, August 28, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News Copper eased on Thursday as concerns of lack of demand overshadowed Wednesday’s dollar fuelled gains. The benchmark August copper on the Multi Commodity Exchange of India was down 0.79 per cent at Rs 331.65 per kg. Copper for delivery in three months on the London Metal [...]
Read the full article: "Copper eases on lack of demand"
Thursday, August 28, 2008
Overview International Barytex Resources Ltd. (Barytex) is a Canadian mineral exploration company managed by capable professionals with successful track records and many years of experience in the mineral exploration and development industry. The management of Barytex is focused on the identification and exploration of economically attractive metallic mineral deposits. Barytex is currently advancing the Shituru [...]
Read the full article: "International Barytex Resources: An Emerging..."
Thursday, August 28, 2008
Kazakh miner Kazakhmys showed a 21 percent drop in their profits for the first half of this year. Severe winter weather in the first half of the year was attributed to the 9 percent fall of copper cathode output. They expect copper production to at least match that of last year so a stronger second [...]
Read the full article: "Kazakhmys Posted Drop in First Half"
Thursday, August 28, 2008
The Democratic Republic of Congo would like a bigger part in the Tenke Fungurume copper-cobalt project that is currently 58 percent owned by Freeport-McMoRan and 25 percent owned by Lundin Mining. Tenke, described as one of the world’s richest unexploited copper and cobalt resources, is one of the 61 projects under scrutiny as part of [...]
Read the full article: "Congo Wants Bigger Stake in Copper"
Thursday, August 28, 2008
Chile’s output for July saw a 5.5 pct drop in copper as compared to a year ago while Chile’s industrial output is up 3.0 pct vs a year ago. Copper output in the world’s leading producer fell 5.5 percent in July from the same month a year ago to 430,361 tonnes, INE said, citing [...]
Read the full article: "Chile July Copper Output Falls"
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Friday, August 29, 2008