Smelting Costs of Spots Copper will dip further
OZ Minerals Ltd declared that the costs for smelting copper concentrates to metal will continue to dip, because the smelters in Asia cannot get the adequate raw material. For full story, click here
Articles Tagged "Asia"
Copper dipped third day in Asia as Global Stockpiles Expand
Copper dipped for a third day in Asia, trading below $5,000 a metric ton as surging global inventories signaled demand may be waning for the metal used in construction and automobiles. For full story, click here
Asia's tight spot copper market has sparked talks of hoarding
Asia’s spot copper market has stayed tight despite dwindling LME stocks, sparking suspicion that major trading houses, including Glencore and Red Kite, are hoarding to boost prices. For full story, click here
Copper premiums remain high, but tightness may unwind
Physical copper premiums in Asia surged this week, boosted by the potential for huge profits for importing metal into China. For full story, click here
Copper slipped in Asia amidst renewed concern about economy
Copper slipped in Asia as some investors deemed the recent climb to a five-month high as excessive amid the renewed concern about financial slump. For full story, click here
Owen Hegarty’s Tigers Studying Copper Investments in Asia
Owen Hegarty, the former chief executive officer of Oxiana Ltd., is looking to raise funds for copper and gold acquisitions in Asia and Australia and may seek to sell shares in his investment fund within two years. For full story, click here
London copper prices were little changed
London copper prices were little changed in Asian trade after rallying nearly 6 percent in the previous session, with many markets closed for the Lunar New Year holiday. For full story, click here
Asia Metals Demand Growth Wanes
While Asia was able to offset any demand and price issues happening in the first half of 2008 in the United States the credit crisis is now pulling the copper market down to almost half of what its mid-year peaks were. From Mumbai to Seoul, analysts are paring consumption estimates, worried that a global slowdown, [...]
Chile's Copper Exports Down
Chile is the world’s largest copper producer and their production was down 4.1 percent from the same time period of January to July from last year. According to the Chilean Copper Commission (Cochilco) the total export up to July 2008 was 3.288 million tonnes of copper and about 5.5 million tonnes in 2007. But the value [...]
