Europe’s largest copper miner KGHM expects its 2009 net profit dip to 488 million zlotys ($134 million) from the expected 2.9 billion in 2008, as lower copper and rising costs bite. For more information, click here
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Thursday, December 18, 2008
Shanghai copper futures closed down 90 yuan at 23,710 yuan ($3,468) a tonne, after falling by their 4 per cent limit. For full story, click here
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Tuesday, November 25, 2008
London Metal Exchange copper fell by 2.4 percent on Tuesday, giving up some of the overnight gains that together with a surge in Asian share prices had helped Shanghai copper futures rise by their 4 percent daily limit. For full story, click here
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Thursday, November 20, 2008
Shanghai metal plunged 5 percent to its weakest in four years on growing fears about demand. for full story, click here
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Thursday, November 6, 2008
UBS downgraded Quadra Mining to “sell” from “neutral” after it posted a lower Q3 profit as weaker copper prices reduced revenue and prompted it to stop two development projects and suspend output forecasts beyond this year. For full story, click here
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Thursday, November 6, 2008
Copper was down nearly 9 % as inventories were up and the US dollar weighed after the US election. Charles Cooper, mining analyst at Evolution Securities, said: By and large it’s going to be dollar driven. We’re seeing the copper price and some of the other metal prices following that trend. We’re facing a global [...]
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Tuesday, February 24, 2009