China’s top nickel producer, Jinchuan Group Ltd., has reduced its nickel production target after setbacks with their new smelter as well as the change over of two of their facilities from nickel to copper. In August, Jinchuan switched two smelting facilities from making nickel to copper, the company official added, as it looks to boost [...]
China’s top nickel producer, Jinchuan Group Ltd., has reduced its production target due to delays with a new smelter and switching over two of its facilities to copper. In August, Jinchuan switched two smelting facilities from making nickel to copper, the company official added, as it looks to boost copper output to 300,000 tonnes this [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended positive on Wednesday as bargain hunters took advantage of lower prices following declines in the red metal triggered by a strengthening U.S. currency. The dollar surged to its highest level against the euro since January amid growing expectations that the American economy [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper eased on Thursday as concerns of lack of demand overshadowed Wednesday’s dollar fuelled gains. The benchmark August copper on the Multi Commodity Exchange of India was down 0.79 per cent at Rs 331.65 per kg. Copper for delivery in three months on the London Metal [...]
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 [...]
Chile’s output for July saw a 5.5 pct drop in copper as compared to a year ago while Chile’s industrial output is up 3.0 pct vs a year ago. Copper output in the world’s leading producer fell 5.5 percent in July from the same month a year ago to 430,361 tonnes, INE said, citing [...]
The Konkola Copper Mines (KCM) are almost ready to launch their Nchanga smelter as part of their $1 billion expansion plan to increase their copper production to 500,000 tonnes by 2010. KCM is Zambia’s largest copper producer as well as Zambia’s largest mining employer. KCM is building the Konkola Deep Mining Project, which will help [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices continued to be on an upswing on Monday, following last week’s selling spree. You may recall that last Wednesday, the red metal had plunged to a six-month low as investors’ economic concern had initiated a rapid sell off of the metal. The low was [...]
Zambia’s Luanshya Copper Mines (LCM) plans to produce 60,000 tons of copper cathode in a new copper mine in 2009. LCM is a joint venture of the International Mineral Resources (IRM) and Bein Stein Group Resources (BSGR). “We are on course with all our production targets at Luanshya (Baluba mine) and Chambishi,” he said in [...]
The world’s largest miner, BHP Billiton, had strong quarterly results for copper. The world’s biggest copper mine, Chile’s Escondida, however, sends warning of an impending decline. BHP has been running its mines and refineries around the world hard amid strong demand in China and across much of Asia for raw materials and analysts expect [...]
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