Copper Prices Could Fall Further This YearFri, 18 Apr 2014 07:26:58 +0100
Copper prices have already fallen around 10% so far this year on the back of a slowdown in China. However, prices could drop even more, according to a new ...
Investors Watchful as Copper Market Sees Modest GainsFri, 18 Apr 2014 01:10:00 +0100
Copper prices have picked up this week, but investors are anxious that a slowdown in China's economic growth could abate demand for the red metal. Following price falls on both New York's Comex and the London Metal Exchange on Tuesday, copper for delivery ...
Copper from other African mines can help SA industryThu, 17 Apr 2014 18:13:00 +0100
Local companies currently cannot buy copper cathode from the primary local mines to produce copper rods, as these mining companies already use extracted copper cathode to produce copper rods for South African industries. Therefore, the companies resort to ...
Copper Falls on the LME, Faces Gloomy OutlookThu, 17 Apr 2014 09:55:00 +0100
Concern over weakening demand for copper, eased, somewhat after an economic growth report in China, the worlds largest consumer, met expectations. Chinas 7.4 percent advance in gross domestic product was a little better than the 7.3 percent median ...
Column-march Mayhem Boosts Q1 Metal Trading Volumes: Andy HomeWed, 16 Apr 2014 14:07:39 +0100
Sharp sell-offs in copper and iron ore <.IO62-CNI=SI> last month helped boost first-quarter exchange trading activity across the industrial metals. Volumes on the London Metal Exchange (LME), which dominates the base metals arena, had been looking decidedly flat over the first two months of this year. The return of volatility to the iron ore market, meanwhile, fired up trading volumes on the ...
Glencore Xstrata Strikes a Surprisingly Good Price for Copper ProjectTue, 15 Apr 2014 16:41:43 +0100
We're surprised Glencore managed to get such a high price for its Las Bambas sale in Peru, but the strength of the pound means our valuation is unmoved
Kazakhmys agrees to buy Koksay copper deposit in KazakhstanTue, 15 Apr 2014 13:00:13 +0100
Kazakh copper miner Kazakhmys said on Tuesday it had agreed to buy the Koksay copper deposit in southeast Kazakhstan from CCC Mining Construction B.V., for $260 million in cash. The deposit has an estimated ...
LX Ventures Arranges Capitalization of Copper and Will Focus on Mobio's ...Mon, 14 Apr 2014 13:00:00 +0100
LX Ventures Inc. , an acquirer and accelerator of high-growth tech companies, has signed a letter of agreement with venture capital investors to capitalize its portfolio company, Copper Cloud Inc. , as ...
Metal-hungry China buys Glencore copper mine for $6 blnMon, 14 Apr 2014 11:31:34 +0100
* Glencore will use proceeds to deleverage first (Recasts, adds context, analyst comments, details) April 14 (Reuters) - A Chinese consortium bought the Las Bambas copper mine in Peru from Glencore Xstrata (Other OTC: GLCNF - news) for $6 billion, the high end of analysts' forecasts in China's biggest acquisition of a mine, showing the strength of its long-term need for copper. MMG Ltd, the Hong ...
MMG-led Chinese Group To Buy Las Bambas Project From Glencore For ...Mon, 14 Apr 2014 03:53:31 +0100
Swiss commodities trader and miner Glencore Xstrata Plc agreed Monday to sell its interest in the Las Bambas copper project in Peru to a Chinese consortium including MMG Ltd., Guoxin International Investment Corp. Ltd. and CITIC Metal Co. Ltd. for $5.85 billion in cash.The deal, subject to MMG shareholders and Chinese regulatory approvals, is expected to close before the end of third quarter.
Metal Prince Ltd. Explores Re-Launch of Copper Mine Once Operated ...Mon, 14 Apr 2014 01:53:00 +0100
Metal Prince Ltd. has begun to explore the re-launch of a mine in Shamlugh that once was operated by the French and then by the Soviet government until the 1930s. Shamlugh Mayor Lendroush Bezhanyan says the mine in question was shut down for safety reasons ...
Minmetals Group Buys Glencores Peru Mine for $5.85 BillionSun, 13 Apr 2014 21:18:00 +0100
China Minmetals Corp., the state-owned metals trader, led a group that agreed to pay $5.85 billion for Glencore Xstrata Plc (GLEN)s Las Bambas copper project in Peru as China seeks greater control over material supplies. Its a good price ...
Tiger Resources : strikes alliance with MCK TrucksSun, 13 Apr 2014 16:55:00 +0100
The SXEW plant is on schedule to commence production of copper cathode in Q2 2014. The plant is expected to produce 25,000 tonnes of copper cathode in its first full 12 months of operation and 50,000 tonnes per annum in subsequent years. Managing Director ...
Copper bid to tackle melanomaWed, 09 Apr 2014 18:00:05 +0100
A thirst for copper could be the Achilles heel of some cancers, scientists believe.
Low copper price, improving Europe economy lift Aurubis sales volumesTue, 08 Apr 2014 17:06:24 +0100
A falling copper price and an improving economy in Europe will lift European smelter and producer Aurubis's sales volumes growth of copper wire this year, from flat growth last year, a company executive said on Monday. "The European economy has developed well and we have a big exposure to Europe, so our product sales went up," Stefan Boel, a member of Aurubis's executive board said. "The copper ...