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Copper Industry News

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Base metals gains on firm demand
Fri, 25 Jul 2014 12:25:06 +0100
Mumbai, Jul 25 (PTI) Nickel, copper and zinc prices gained at the non-ferrous metal market here today on stockists buying amidst firm demand from industrial users.

Chinas Stocks Rise to Cap Biggest Weekly Gain in Three Months
Fri, 25 Jul 2014 08:51:28 +0100
China's stocks rose, capping the benchmark index's biggest weekly gain in three months, as material producers rallied and money-market rates declined. Jiangxi Copper Co. and Tongling Nonferrous Metals ...

Anglo Americans First-Half Profit Rises on Higher Output
Fri, 25 Jul 2014 07:48:05 +0100
Anglo American Plc (AAL) said first-half profit rose on higher output and lower production costs at its copper division, as Chief Executive Officer Mark Cutifani reviews assets to offload underperforming businesses.

Eyeing Freeport's Indonesia copper exports, China smelters freeze ...
Fri, 25 Jul 2014 07:28:07 +0100
* Smelters expect TC/RCs to rise to $110/11 cts on Freeport export restart * Freeport to be allowed to export 756,000 T concentrate in H2-Indonesia HONG KONG, July 25 (Reuters) - Chinese copper smelters are holding off on spot purchases of raw material concentrate, betting they can charge higher processing fees on imports once Freeport-McMoRan Inc resumes exports from Indonesia, sources at ...

Correction From Source: Superior Copper Completes $3,475,875 Non-brokered ...
Fri, 25 Jul 2014 00:47:29 +0100
The following corrects and replaces a press release issued earlier today on behalf of Superior Copper Corporation. The exercise price of the common share purchase warrants in the second paragraph has been ...

Codelco submits changes to Andina project to reduce environmental ...
Thu, 24 Jul 2014 20:43:30 +0100
World No. 1 copper producer Codelco submitted to Chilean environmental authorities changes to its controversial Andina project that it said would reduce the mine's potential impact on nearby glaciers and water supply. State-owned Codelco, which produces about 10 percent of the world's copper, has said its future hinges on the development of the project, as dwindling ore grades in its old mines ...

Copper Prices Advance After Positive Chinese Factory Data
Thu, 24 Jul 2014 12:52:38 +0100
The data from China has again created flutter among the bulls and the prices of Copper regained confidence on Thursday's trading. The metal was looking feeble during the start of the day but soon after regained strength and was last checked at Rs 433.9 per kg, up 1.58% in the domestic markets.

Column-new Indonesian President Can Bring Certainty, Consistency ...
Thu, 24 Jul 2014 08:00:38 +0100
The election of reformist Joko "Jokowi" Widodo as Indonesia's new president has spurred hopes of a rapprochement with global miners and the scaling back of some of the nationalistic resource policies. Newmont Mining Corp also said it was close to a memorandum of understanding with the government that would allow it to resume exports of copper concentrate and re-open its Batu Hijau mine. These ...

Copper Advances After Chinas Factory Output Beats Expectations
Thu, 24 Jul 2014 03:26:47 +0100
Copper climbed for a fourth day, the longest rally in three weeks, on better-than-expected manufacturing data from China, the worlds largest user of industrial metals.

Metals Morning View Solid Chinese Pmi Data Boosts Copper Price
Thu, 24 Jul 2014 01:26:00 +0100
After a mixed-to-slightly lower day yesterday in the base metals that saw average losses of 0.3 percent, this morning the base metals are generally firmer with average gains of 0.4 percent with the copper price up the most with a 0.8 percent gain to $7,110.

Copper jumps 1% after China PMI hits 18-month high
Thu, 24 Jul 2014 01:16:00 +0100 - Copper futures rallied to a more than one-week high on Thursday, as investors cheered better than expected manufacturing data out of China, the worlds largest consumer of the red metal. On the Comex division of the New York Mercantile ...

LME copper to rise to $7,157
Wed, 23 Jul 2014 21:50:00 +0100
SINGAPORE: LME copper is expected to rise to $7,157 per tonne, based on its wave pattern and a Fibonacci projection analysis. The metal is riding on wave c, the third wave of a three-wave cycle that developed from the July 18 low of $6,960. The Fibonacci ...

LME base metals close mixed
Wed, 23 Jul 2014 15:44:00 +0100
Base metals on the London Metal Exchange (LME) have closed mixed as most prices consolidated but copper found support as a major company in China, the world's biggest buyer of the metal, avoided a debt default. At the close of open-outcry trading in the ...

Column-metals Poll Reveals Extent Of Indonesian Policy Shock: Andy ...
Wed, 23 Jul 2014 12:11:01 +0100
The ban has severely affected operations at the country's two copper mines, but the impact on the nickel market is structural, with the flow of nickel ore to China's huge nickel pig iron (NPI) sector choked off. The heavy metal has fallen from second to fourth in terms of bullish expectations since January.

Copper under pressure but analysts see support from strategic buying
Wed, 23 Jul 2014 11:13:00 +0100
While the worst fallout from the Qingdao metal-backed financing scandal may have passed, mainland copper imports are slowing, with volumes shifting from small traders to larger ones as banks become more cautious. Still, analysts said, copper prices would ...

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