Namibia’s sole copper miner Weatherly Mining Namibia declared that it will not re-open its five mothballed copper mines in 2009, despite a notable recovery in the global prices of copper. For full story, click here
Copper demand in China, the world’s leading consumer of the metal, may post a strong recovery in the fourth quarter after traders and smelters run down stockpiles, said a strategist at JPMorgan Securities Ltd. For full story, click here
India copper futures surged over 2 percent in afternoon trade on hopes of a recovery in global demand. For full story, click here
Copper surged to its highest level in six months in New York futures trade Monday morning, as dipping inventory levels and signs of economic recovery in China, the world’s leading copper consumer. For full story, click here
As per analysts’ report, India’s copper futures recovered on Tuesday buoyed by global leads, but a strong rupee kept a lid on gains. Praveen Singh, an analyst with Sharekhan Commodities, stated: Copper would trade on the higher side on the back of a weak dollar, rebounding equities. For full story, click here
Jiangxi Copper was up 3.6 percent at HK$7.30 as global copper prices soared on hopes of an early economic recovery in China. For full story, click here
US mining equipment manufacturer Caterpillar announced that its largest customers are looking for a return to growth in the mining industry in the next 18 months and view the price of copper as a key indicator of a turnaround. Mr Chris Curfman, president of Caterpillar’s global mining division, said: It’s really the copper price that [...]
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