Stocks in Japan plummeted the most in 21 years and saw copper fall in London for a second day. The Nikkei 225 index slumped 11 percent. The U.S. needs to accelerate steps to bail out financial institutions to help arrest plunging stock values, Japan’s Prime Minister Taro Aso said in Tokyo. Copper has dropped [...]
While Asia was able to offset any demand and price issues happening in the first half of 2008 in the United States the credit crisis is now pulling the copper market down to almost half of what its mid-year peaks were. From Mumbai to Seoul, analysts are paring consumption estimates, worried that a global slowdown, [...]
Dowa Holdings Co. Ltd. in Japan expects copper production to be up over 10,000 tonnes of copper per month during the second half of their business year ending March 2009. These expectations would be an 8.5% rise from last year’s results. Dowa is among the leading companies that produce metal using recycled material, and has upgraded [...]
Mitsubishi Materials Corp expects to produce less copper from October to March as compared to the same time line last year showing a decrease of 13.9%. The company attributed the year-on-year decline in copper production to the temporary closure of its Naoshima smelter in southern Japan for maintenance, which is due to last about one month from late [...]
The global copper market saw a shortfall of 18,000 tonnes in the first seven months of 2008 versus a shortfall of 261,000 tonnes during the same period of 2007. UK-based World Bureau of Metal Statistics research group also said copper mine production for January-July period was 8.82 million tonnes, down 1.6 percent from a year [...]
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