Among leading miners focused on copper production, First Quantum can lay claim to being among the best relative stock price performers. First Quantum’s primary focus that is copper could reach group output levels close to 500,000 tons in 2011, including production from Kolwezi and Kashime, also in the DRC. For full story, click here
Freeport-McMoRan Copper and Gold chief executive is making no promises on restarting the company’s dividend and has given notification that a further drop in copper prices could force more output cuts. Freeport CEO Richard Adkerson, said: In the near future, no, I can’t assure them that. For full story, click here
Australia forecast a 10 percent rise in copper mine output in the year to June 2010, even after factoring in a more prolonged economic recession that has already triggered supply curbs. DJ Carmichael & Co mining analyst James Wilson, stated: These would have been put in the works before the market tanked. For full coverage, click here
Chile, the world’s biggest supplier of copper, said its production of the metal declined 2.5 percent in January from a year earlier, as the quality of ore diminished from its aging mines. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper is often looked to as a barometer of economic health due to its copious use in building and construction. When an economy is growing, copper use rises exponentially. In the early 2000′s rapid economic growth paved the way for an explosion in demand for the [...]
Nippon Mining Holdings Inc says thinking of curbing copper output by 10-20 percent. For full story, click here
Kazakh miner Kazakhmys posted a 7 percent increase in fourth quarter copper cathode output compared to the previous quarter but said it would address falling demand by cutting spending and output in 2009. For full story, click here
Norilsk Nickel says nickel, platinum and palladium output to fall from previously planned levels. Plans to cut copper output, while further falls expected in platinum and palladium. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures were able to hold on to their positive momentum until Thursday’s close, when consistent inventory builds and grim economic data suggested that demand will exert more downside pressure. Copper started the New Year with a bang, but the positive movement was cut short [...]
Nippon Mining Holdings Inc, Japan’s top copper producer, said it is thinking of curbing copper output by 10-20 percent due to weak demand, which it said would be its first deliberate cut in at least 10 years. For full story, click here
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