Sumitomo Metal Mining Co Ltd says to lower copper production
Sumitomo Metal Mining Co Ltd says to lower copper production by 10-20 percent in Q1 2009. For full story, click here
Articles Tagged "production"
Anvil Mining Ltd says it is suspending copper production
Anvil Mining Ltd says it suspending copper production and shutting its Dikulushi mine in the Democratic Republic of Congo (DRC). For full story, click here
Analysts warn more losses in store for copper
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices may slump by more than half this year as the global recession cuts demand. MF Global Ltd., one of 12 companies that trade on the floor of the London Metal Exchange, predicts that the three-month contract may average $3,250 per metric tonne in [...]
Kazakhmys Q4 copper output up but to make cuts in '09
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
African Copper said it will suspend production
African Copper said it will suspend production at its Mowana copper mine in Botswana for at least three weeks while it holds talks to raise up to $15 million for its working capital needs. For full story, click here
Many existing producers have shut down or curtailed output
Many existing producers also have shut down or curtailed output at mines and plants as high costs and low prices bite. For full story, click here
Analysts bullish on copper
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish. When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to [...]
Xstrata cuts production
Xstrata says has cut ore production by 20 percent at its McArthur River lead-zinc mine in Australia. For full story, click here
Southern Copper Doesn’t Plan Cuts on Price Slump
The company said said it doesn’t plan to cut output or fire workers because prices would need to fall by a further 46 percent for the company’s mines to lose money. For full story, click here
Copper to Rebound as Demand Grows, Output Drops: Freeport
Copper, headed for its biggest annual price drop in at least two decades, will rebound as demand grows and mine output drops, Freeport-McMoRan Copper & Gold Inc. Chief Executive Officer Richard Adkerson said. For full story, click here
