South African stock surged for a fourth day, the longest streak of gains in more than two months, as copper prices climbed and volatility waned. BHP Billiton Ltd. and Anglo American Plc led the advance. For full story, click here
In anticipation of higher prices and demand when the economy recovers, South Korea, Asia’s third-largest base metal buyer, reported its plans to boost its strategic copper reserves by 46 percent this year. Kwon Tae-kyun, administrator of state-run Public Procurement Services, said: This year offers the best opportunity to achieve value for money in stockpiling. We [...]
Straits Resources Ltd is reviewing the viability of its Tritton copper mine in New South Wales and Whim Creek copper mine in Western Australia after a sharp plunge in the metal’s price. For full story, click here
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