Copper, Zinc Gain as Ireland Bailout Offsets Korea Tension
Bloomberg reports that Copper gained after Europe agreed to a bailout for Ireland, outweighing tensions on the Korea Peninsula.
Articles Tagged "Europe"
KGHM's Q2 Profit Fueled Hopes of Higher Guidance
KGHM met forecasts with a 2 percent rise in second-quarter profit, cementing hopes Europe’s second-biggest copper miner will surge guidance for 2009 and lifting its shares on Friday. For full story, click here
Poland will sell 10% of Copper Miner KGHM-PM Aide
Poland may sell up to 10 percent in Europe’s No. 2 copper producer KGHM to support its stretched state budget despite the opposition of its unions and a junior coalition party. For full story, click here
Aurubis CEO declared Copper Product Demand Recovery
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
Aurubis: China's Copper Imports will slacken
China’s copper imports are not likely to remain at the high level seen in May and could weaken in the second half of 2009, Europe’s leading copper producer Aurubis. For full story, click here
Rio Tinto has lead a rise in Asia, Europe Stocks
Asian shares ended mostly higher on Friday, led by a rally in Australian mining stocks after Rio Tinto declared a capital raising and a joint venture with BHP Billiton. For full story, click here
KGHM mulls copper exploration in China: Report
KGHM of Europe with its partner China Minmetals Corporation will discuss exploring copper deposits in China. Miroslaw Krutin, CEO of KGHM, said: We will visit China Minmetals Corporation in November to sign trading deals for another year, We will also discuss future cooperation, including the possibilities of exploring (copper) deposits. For full story, click here
Polish Copper KGHM Approves Investments
KGHM has invested in two projects for its copper mill. Europe’s largest copper miner KGHM KGHM.WA approved two investment projects in its copper mill and two gas fueled energy units worth a total of 2.3 billion zlotys ($917 million), the company said on Friday. The article can be found here.
KGHM Sees Lower Q3
The top copper miner, KGHM KGHM.WA, in Europe anticipates a lower third quarter than the same time last year and may even go so far as to reduce their 2008 forecasts due to a lessening of certain copper products. We will close the third quarter with revenue lower than in the third quarter of [...]
Chile's Copper Exports Down
Chile is the world’s largest copper producer and their production was down 4.1 percent from the same time period of January to July from last year. According to the Chilean Copper Commission (Cochilco) the total export up to July 2008 was 3.288 million tonnes of copper and about 5.5 million tonnes in 2007. But the value [...]
