Fees that Chinese copper smelters receive for treating and refining spot foreign concentrates have slipped more than 70 percent since January on strong demand for material. For full story, click here
London-listed Chilean copper miner Antofagasta PLC. declared there are grounds for optimism that the international economic slump has bottomed out and sees signs that copper supplies may not meet demand in future years. Chairman Jean-Paul Luksik stated: When worldwide demand recovers its normal rate of growth, a shortfall in mine supply could again develop. We [...]
Copper demand in China, the world’s leading consumer of the metal, may post a strong recovery in the fourth quarter after traders and smelters run down stockpiles, said a strategist at JPMorgan Securities Ltd. For full story, click here
Copper stocks declared that it has joined the metals rally on the bourses today as all other metal stocks traded with heavy gains, while copper prices remained steady on the commodity exchanges in India. For full story, click here
African Copper Plc. declared that it has received a demand for the redemption of $22.3 million bonds calling for immediate repayment of the principal amount and accrued interest. For full story, click here
India copper futures surged over 2 percent in afternoon trade on hopes of a recovery in global demand. For full story, click here
Copper surged in London, adding to its longest monthly winning streak in three years, as dwindling inventories of the metal and increased industrial production in Asia suggest demand is strengthening. For full story, click here
India copper futures reversed early losses on Wednesday evening as U.S. stocks pointed to a higher open, reviving hopes of an economic recovery and thereby rising demand for the industrial metal. Aurobinda Prasad, deputy manager-research with Karvy Comtrade in Hyderabad, stated: One of the major reason for higher movement is recovering equity markets. For full [...]
Chile’s No.1 global copper miner Codelco reported that it is still unclear whether U.S. demand for copper has hit bottom, adding Chinese consumption had not fallen. For full story, click here
Copper purchasing by China’s State Reserve Bureau over the three months to February is strongly overstating apparent demand, and real demand growth is far lower, around 2.9% over the same period a year earlier. For full story, click here
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