Copper Cathode Lull Continues, Sellers Pin Hopes on China Scrap Demand
Platts reports that the copper cathode business has been left flat by an abundance of copper scrap but that a combination of factors may soon change that.
Platts reports that the copper cathode business has been left flat by an abundance of copper scrap but that a combination of factors may soon change that.
Aheadoftheherd.com reports that copper is talking up a storm.
Vedanta Resources Pic, the India-focused metal group, saw its copper production fall in their second quarter. Vedanta also said on Monday its expansion projects were progressing well, including a new aluminium smelter in India that is ramping up and a copper smelter in Zambia. Vedanta shares, which have shed 65 percent since touching a [...]
Between January and July 2008 Zambia has shown a 14.38% increase in their copper cathode output as compared to the same time frame for 2007.
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 [...]
India’s Sterlite Industries Limited announced a marked improvement in copper unit costs despite the rising energy costs. Tuticorin’s custom smelter produced less copper cathode compared to its corresponding last quarter, however, they plant had implemented a planned maintenance shut down to bring the smelter back to normal production levels over a 26 day period between [...]
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