Metals Consulting Group GFMS has surged its copper price forecast by around 10 percent for this year and expects higher prices until 2012 on expectations of stronger metals demand. For full story, click here
KME Group, one of the world’s leading manufacturers of copper and copper alloy products, declared its output including special products fell 30 percent in the first half of 2009 as economic downturn eroded demand. For full story, click here
Led by Nickel, all other metals firmed up smartly on the non-ferrous metal market here today on heavy purchase by stockists as well as good demand from consuming industries. For full story, click here
Kazakh miner Kazakhmys used stockpiles to boost H1 copper output by 8% but declared that H2 production would fall as the firm continues to adjust to weaker demand and a lower full year target. For full story, click here
Aurubis, Europe’s leading copper producer, is experiencing better demand for some semi-finished copper products. Bernd Drouven, CEO of the company, stated: We reached the bottom point in March and in April had a slightly better capacity usage and a further improvement since May and June. For full story, click here
India’s copper futures may edge lower in opening deals on Friday as weaker-than-expected U.S. jobs data surged concerns about the economic and demand outlook. For full story, click here
Indian copper futures traded up on Tuesday on short-covering after losses in the past two sessions, even as concerns grew about slowing demand from China. For full story, click here
Copper futures on Monday has moved down by one per cent on the Multi Commodity Exchange on weak global cues amid fears of weak demand from China, the world’s leading consumer of the metal. For full story, click here
Encouraged by higher prices, a few metal producers have commenced to reverse earlier cutbacks and project delays, prompted around mid-2008 by plunging demand. For full story, click here
Copper stocks continued sinking following selling pressure on the bourse at the higher levels, while red metal prices hovered at a higher end owing to the surged demand from the international purchasers. For full story, click here
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