Certain commodities are positioned to withstand the aftermath of the natural disaster and ensuing nuclear threats. Copper is one of the top picks. In an interview with Copper Investing News, Wayne Atwell, Managing Director at Casimir Capital L.P., discussed his outlook for the performance of copper, zinc and aluminum.
Copper futures declined Tuesday morning, back-tracking from Monday’s gains as traders were skeptical over the state of the economic recovery. On the COMEX, March copper tumbled 2.3 percent, to $4.25 a pound. Copper ended up for a second consecutive day on Monday, as market sentiment focused on dwindling copper stockpiles.
Canada is the third largest copper producer in the world, after Chile and the USA. In Canada, copper is always produced in conjunction with another metal, most often as a co-product with nickel, zinc, lead, gold and molybdenum.
By Leia Michele Toovey- Exclusive to Copper Investing News Copper held steady early Wednesday, in anticipation of the Fed’s statement, but following the announcement that the U.S. economy is “leveling out,” and the central banks as pledge to keep interest rates low for an “extended period” copper rose to a fresh 2009 high. Copper for [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Volatile copper prices fell more than 2 per cent before turning positive on Thursday. The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 [...]
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 [...]
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 [...]
PT Nusantara Smelting Corp intends to set up a copper smelter next year with a production capacity of 200,000 tonnes of copper cathode. The smelter will support the upcoming mining law that requires mining products to be processed locally prior to export. The mining law, which has been in the works for several years and [...]
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 [...]
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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