Mitsubishi Materials Corp., Japan’s No. 3 copper smelter has returned to full output, the firm declared on Monday, becoming the first major Japanese firm to reverse cuts, although the situation still needs watching. For full story, click here
Japanese copper smelters Pan Pacific Copper, Sumitomo Metal Mining and Mitsubishi Materials and copper miner BHP Billiton have reached agreement on mid year copper treatment and refining charges for the current year. For full story, click here
BHP Billiton, the world’s biggest mining company, may win a reduction in copper processing fees from Japanese smelters in mid-year supply contracts. For full story, click here
Copper declined for a third day in London, the worst losing streak in 10 weeks, as a plunge in Japanese exports helped to fan concern that the worst of the world economic slowdown may be still to come. For full story, click here
Monday, August 10, 2009