While Asia was able to offset any demand and price issues happening in the first half of 2008 in the United States the credit crisis is now pulling the copper market down to almost half of what its mid-year peaks were. From Mumbai to Seoul, analysts are paring consumption estimates, worried that a global slowdown, [...]
Continue reading "Asia Metals Demand Growth Wanes"
Wednesday, October 15, 2008
The Philippines is most likely to grant a green light for operations to begin again at the South Korean-owned Rapu copper and zinc mine. The mine is 30 percent owned by Malaysia Smelting Corp Bhd and 70 percent owned by Korea Resources Inc. and LG International Corp. The Rapu Rapu mine, the first fully [...]
Continue reading "S. Koreans May Restart Copper Mine"
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Wednesday, October 15, 2008