With supply concerns on the horizon, the copper market could be looking at some positive price movements.
Articles Tagged "Japan"
The Paragon Report reported that copper futures were down the biggest decline in seven weeks last week on the back of weak demand from China and trade disputes with Japan.
A step forward in resolving Greece's debt woes has lifted demand for copper, but a setback in the US job market is keeping investors on edge.
Rising inflation and interest rate hikes in China, a struggling Japanese economy, and sustained high oil prices have investors worried about future demand for copper.
Reuters reports that while domestic demand remained flat, Japanese copper wire and cable shipments rose 4.9 percent in January from a year earlier. The market news is quoted as saying: Exports of copper cable and wire jumped 53.1 percent in January to 2,100 tonnes, but domestic demand climbed only 3.6 percent to 54,500 tonnes. The appetite for copper, used [...]
Japan’s Mitsubishi Materials Corp. has acquired a 25% stake in a B.C. copper project under development by Vancouver’s Copper Mountain Mining Corp. For full story, click here
Nippon Mining & Metals Co declared that it will resume copper concentrate unloading from a ship for its Saganoseki smelter in southern Japan after an accident prompted operations to be suspended. For full story, click here
Nippon Mining and Metals declared that three workers have been killed while unloading raw materials from a ship at a copper smelter in southern Japan. For full story, click here
Nippon Mining & Metals Co Ltd. declared that three workers were killed in an accident at the weekend while unloading raw materials from a ship for its copper smelter in southern Japan. For full story, click here
Pan Pacific Copper Co Ltd, Japan’s top copper smelter, reported that it has planned to produce 290,300 tonnes of copper in April-September, down 3.2 percent from a year earlier. For full story, click here