Bloomberg reported that Chilean copper mines owned by Chile's Codelco have faced protests regarding job security. The Collahuasi mine, owned by Anglo American plc (LSE:AAL) and Xstrata plc (LSE:XTA) and also located in Chile, has been unaffected.
Bloomberg reported that production at Codelco's mines in Chile is up through September 2011.
Reuters reports that Codelco, has hiked its 2011 copper premium for buyers in China by 35 percent.
Lara Exploration Ltd. (CVE:LRA) announces that the company has signed an Agreement whereby Codelco do Brasil Mineração Ltd.
Copper commenced Tuesday in positive territory, extending Monday’s winning streak on the back of the longest run of inventory declines in over a year. Copper is ignoring overall market sentiment as lower than anticipated earnings reports from both Goldman Sachs and IBM wreaked havoc on the American and European stock markets.
Chile’s No.1 global copper miner Codelco reported that it is still unclear whether U.S. demand for copper has hit bottom, adding Chinese consumption had not fallen. For full story, click here
The Corporación Nacional del Cobre de Chile, Codelco reported that it has obtained a pre-tax profit of US$ 4.968 billion during 2008, with $104 million of that in the last quarter of the year, while the international crisis hurt prices for copper and other company products. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses. On [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Data released Thursday showing a further deterioration in the manufacturing sector snapped copper’s positive trend. Copper for March delivery shed 3.10 cents to close at $1.50 a lb on the New York Mercantile Exchange’s COMEX division. COMEX copper had gained nearly 7 per cent during the [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures started the year on a note of optimism. On January 3, the first day of trading in 2009, copper peaked at US$1.6225, the contract’s highest point since December 2 2008. Copper was just one of the base metals to rally as a result of [...]
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