Xstrata: Copper Demand Will Rise in the Second Half of 2012
CNBC reported that according to Xstrata (LSE:XTA), the sluggish copper demand in China will boost copper demand in the second half of 2012.
CNBC reported that according to Xstrata (LSE:XTA), the sluggish copper demand in China will boost copper demand in the second half of 2012.
Khalkos Exploration Inc.(TSXV:KAS) has acquired an additional 126 claims in the Nanuq property.
Reuters reported that copper steadied at $7,816 a metric ton on reports of China's infrastructure growth plan.
The Eurozone's outlook is weighing down on the global economy and copper demand for now, but signs of Japanese economic recovery and a pick up in US industrial output may give momentum to the red metal.
Copper is holding steady following the European Financial Stability Facility's scheduled Greek bailout payment. Nonetheless, political as well as economic uncertainties are prevailing across Europe, and coupled with a decline in copper demand from China, are likely to keep copper from making any significant gains.
Copper is falling ahead of the release of April's US jobless data, with many analysts expecting weakness in the critical labor market. A new Indonesian mining tax, however, is expected to have limited impact on mining giants already operating in the country.
Bellhaven Copper & Gold Inc. (TSXV:BHV) announced drill results from the La Mina Project in Colombia.
Reuters reported that Antofagasta's (LSE:ANTO) 2012 first-quarter copper production dropped 13 percent.
Reuters reported that copper dropped 0.9 percent on speculation over uncertainty about U.S. economic growth.
Fox Business reported that Southern Copper (NYSE:SCCO) has announced its 2012 production guidance of 640,000 tons of copper.
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