Articles Tagged "global"

Copper Retreated as Risk Appetite Cancel

London copper slipped nearly 2 percent on Thursday, after scaling fresh 10-month highs in the previous session, as investors stepped back to reassess the health of the global economy. Mark Pervan, senior commodity analyst at Australia and New Zealand Bank, stated: A lot of people are holding their breath because the gains have been really [...]

Hindalco has planned to surge $500 mln via GDR's

AV Birla group company, Hindalco Industries, which has reported a 31% drop in net profit at Rs 481 crore in the first quarter ended June 30, 2009, is exploring the Global Depository Receipts (GDR) option to raise up to $500 million in addition to offering shares under the QIP route. The board is exploring the [...]

Global Q1 Copper Excess reached 133,000 tonnes

World Bureau of Metal Statistics declared that copper excess in international market in January to April 2009 period reached 133,000 tonnes. At the same time a year ago there was copper shortage of 161,000 tonnes. For full story, click here

Copper Future Prices have higher LME advices

Copper future prices have improved by 0.15 per cent at the Multi Commodity Exchange today on the back of higher advices from the London Metal Exchange, the hub of international trading in base-metals. For full story, click here

Chile's Collahausi has forecasted copper output at 1 mln tns by 2015

Chile’s Collahuasi copper mine, owned by international miners Xstrata Copper and Anglo American, its annual output should reach 1 million tonnes of copper by 2015. Miguel Angel Duran, CEO of the local unit of Anglo American Plc, stated: We are still at the conceptual stages, so we can’t give a concrete date, but 2015 could [...]