First Quantum Minerals Quarterly Profit Dropped 42%
Reuters reported that First Quantum Minerals Ltd's (TSE:FM) quarterly profit dropped 42 percent due to declining copper prices and sales volumes.
Articles Tagged "Copper Company News"
Grupo Mexico’s 2012 Q1 Profit Surged 35%
Reuters reported that Grupo Mexico's (OTC Pink:GMBXF) 2012 quarter one profit surged 35%.
Papuan Precious Metals Updates on Urua Creek Prospect Results
Papuan Precious Metals (TSXV:PAU) reported high-grade copper results from URD002 and URD003 drill holes at its Urua Creek prospect.
Xstrata Q1 Copper Production Dropped to 171,121 Metric Tonnes
Reuters reported that Xstrata's (LSE:XTA) first quarter copper production dropped to 171,121 metric tonnes (188,629 tons).
Vale to Start the Largest Copper Mine in Brazil
Seeking Alpha reported that Vale's (NYSE:VALE) attempt to start the largest copper mine in Brazil may lower copper prices.
Copper Prices Settled at $8,400 a Tonne in LME
Reuters reported that copper prices settled at $8,400 a tonne in LME.
NGEx Resources Reported Results From its Los Helados Porphyry Project
NGEx Resources Inc. (TSX:NGQ) reported results from its Los Helados porphyry project.
Copper Production Will be Affected in 2012
Reuters reported that copper production will be affected by China's plan to shut down inefficient copper operations in 2012.
Copper Surged 5.15 Cents on Signs of Tight Supply
Reuters reported that copper surged 5.15 cents on signs of tight supply.
Copper Gains on Low US Rates Guarantee, but Demand Outlook Still Hazy
The Federal Reserve's confirmation that it will keep rates low until later next year has buoyed demand for copper. Investors will be closely monitoring the balance of supply and demand in global markets as well as the financial situation in Europe and China in order to gauge the red metal's price moving forward.
