Jiangxi Copper climbs 2.2%
Jiangxi Copper Co., China’s largest smelter, surged 2.2 percent to HK$9.11 in Hong Kong. For full story, click here
Archive for March, 2009
India Copper futures expected to open lower
India copper futures are set to open slightly lower on Friday tracking markets in London. Harish Galipelli, head of research with Karvy Comtrade in Hyderabad, stated: Surging equity markets is also bringing optimism to the base metals complex. For full story, click here
First Quantum paid a steep payment
First Quantum Minerals reported to have paid a steep price to raise cash Tuesday, a total of $300-million share sale at a 12 per cent discount to where its stock was trading before the financing. For full story, click here
Copper surged in London on rise in speculation demand
Copper surged for the first time in three days in London on speculation the worst of the recession in the U.S. may be over, signaling a rise in demand for metals. For full story, click here
Zambian Copper output rose 36% to 133,328 tonnes
Zambian copper production hilked more than a third in the first two months of 2009 and prospects for continued output growth were good despite some mines having shut due to the economic crisis. Bank of Zambia Governor Caleb Fundanga stated: The signs that we are seeing in the economy are positive. Although some mines have [...]
Zambian Central Bank sees copper price surging above $4900/ton
The Zambian central bank is expecting world copper prices to surge above the $4,900 a metric ton by the end of 2009, easing the pressure suffered by Zambian copper mines since July last year. For full story, click here
India Copper futures regain on demand hope
India copper futures recovered on Thursday on account of strong U.S. data reviving hopes of demand for the metal. Kunal Shah, an analyst with Nirmal Bang Commodities, said: We might see copper prices moving towards 206/208 later. For full story, click here
Hindustan Copper puts on nice show
Hindustan Copper’s shares are currently trading at Rs 108.50, up Rs 5.2, or 5.03% at the Bombay Stock Exchange on Thursday. For full story, click here
Shanghai copper steady
Shanghai copper was steady on Wednesday, shrugging off a 2 percent fall in London prices the previous day, supported by signs of a recovery in Chinese consumption. For ful lstory, click here
Chile Sonami sees 2009 copper output at 5.4 mln tonnes
Chile’s second-biggest mining association, Sonami, on Tuesday forecast Chilean copper output will increase 1.3 percent this year from 2008 to 5.4 million tonnes, more than 100,000 tonnes less than earlier forecast. For full story, click here
