Articles Tagged "profit"

Southern Copper profit slipped 68% as prices plunged

Southern Copper Corp, the leading copper producer in Peru and Mexico, posted a 68 percent dip in second-quarter profit on slumping metals prices. Rodrigo Suazo, a mining analyst at brokerage SAB Centura, stated: We expected a negative result with such a big drop in metals prices. For full story, click here

Rio Tinto's Mixed Output Half Year

Rio Tinto, currently in the news because of Chinese government claims of bribery of steel industry executives by some of its executives there, is looking at a lower half year profit, judging by the June quarter and first half output review released yesterday. For full story, click here

Hindalco, Sterlite has gone red

Weakness in copper stocks on bourses was reflected in copper futures, which slipped by 1.97% in early trades today extending losses for the second day on the MCX following profit booking by the traders at higher levels. For full story, click here

Copper futures slipped 1.97%

Copper futures today slipped by 1.97 per cent in early trade, extending losses for the second day on the Multi Commodity Exchange, as traders indulged in profit-booking at higher levels amid a subdued trend overseas after the dollar strengthened. For full story, click here