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
Equinox Minerals has cut its 2009 copper production forecast and surged its cost expectations due to problems starting up its Lumwana mine in Zambia. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended lower on Tuesday, after touching nine month highs earlier in the session, as copper climbed for a third day on speculation that the global economy is well on its way to a recovery. The index of leading indicators in the U.S., the [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures rose Friday after government data showed the U.S. lost much fewer jobs last month than expected, fueling hopes for an economic recovery. Copper steadied on Thursday, gaining support from rising equities and a weaker dollar, after the metal plunged just before close on Wednesday. [...]
Chilean copper miner Antofagasta Plc. posted a dip in its first-quarter copper output on Thursday and higher costs, but the output figure was in line with a lower full-year forecast. For full story, click here
Copper, the flagship base metal posing the ability to forecast the state of the economy in general and the metal markets in particular. But none of the other base metals have followed copper’s recent rally, and industry experts do not expect that it will have very long legs. Orest Wowkodaw, an analyst at Canaccord Adams, [...]
By Leia Michele Toovey-Exclusive to Copper Investing News Copper’s rapid ascent in 2009 reopened the question- are we there yet? Since the economic crisis started everyone has been seeking the answer to the elusive question- have we hit the bottom? The red metal, considered a barometer of economic health, has rallied 33 per cent so [...]
The Zambian central bank is expecting world copper prices to surge above the $4,900 a metric ton by the end of 2009, easing the pressure suffered by Zambian copper mines since July last year. For full story, click here
Copper industry think-tank CESCO reported that global copper prices will trade between $1.50 and $1.80 per pound in 2009, underpinned by buying from top consumer China as it seeks to bolster domestic industrial growth. CESCO executive director Juan Carlos Guajardo, said: We are watching to see if China manages to reorient its export economy toward [...]
PanAust Ltd increased its next year’s copper output forecast by nearly 10 % from its mine in Laos to 65,000 tonnes, based on a new ore reserve estimate. Gary Stafford , Managing Director of PanAust, said: At the time that a third of the mine’s total output was already pre-sold on the spot market through to 2010. For [...]
Get our independent commentary on copper trends and companies delivered to your inbox.
