Bloomberg reported that Grupo Mexico (OTC Pink:GMBXF) has decided not to pursue a merger of two of its mining businesses.
Continue reading "Grupo Mexico Scraps Southern Copper, Asarco Merger Proposal"
Thursday, October 28, 2010
Reuters reports that Southern Copper Corp (NYSE:SCCO) announces third-quarter net profit of $365.2 million. The market news is quoted as saying: The company said financial advisors are still evaluating a proposal announced in July to merge Southern Copper with Asarco. Click here to access the entire news
Continue reading "Southern Copper posts 17 percent rise in Q3 profit"
Thursday, April 9, 2009
By Leia Michele Toovey-Exclusive to Copper Investing News Speculation that the worst may be over, when it comes to the recession sent the price of copper above $2.00 a pound on Thursday for the first time since October. Stock indexes rose in Asia and Europe this week and were poised for gains in the U.S. [...]
Continue reading "Copper’s ascent sentiment-driven"
Monday, October 6, 2008
The strong US dollar and demand concerns left copper dropping 6.3% to $2.52 a pound. Copper down in line with sharp losses on Wall Street, with the Dow Jones industrial average .DJI down 309.59 points, or 3.00 percent, at 10,015.79. The Standard & Poor’s 500 Index .SPX off 37.99 points, or 3.46 percent, at 1,061.24, [...]
Continue reading "US Copper Slammed"
Friday, July 25, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News Copper stretched forward Friday, retracing from the five week low it hit on Thursday. Thursday’s price was weighed down by a stronger dollar and weakening global economic growth. The phrase “global recession” popped up again this week after German data showed business confidence declined to [...]
Continue reading "Copper Recuperates Amid a Shaky Outlook"
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Monday, October 31, 2011