Freeport McMoRan Q1 earnings fall but beat estimates, +2% premarketThu, 24 Apr 2014 14:30:40 +0100
Freeport McMoRan ( FCX ) +2% premarket after Q1 earnings fell 21% Y/Y, hurt by lower copper prices and higher costs, but results topped analyst expectations. FCX previously had raised its copper production despite weaker demand and lower prices, but output fell 3.3% during Q1 to 948M lbs., with average realized price/lb. falling to $3.14 from $3.51 a year earlier, partly due to the conflict with ...
Canadian dollar rises amid positive export outlook, traders look ...Thu, 24 Apr 2014 14:09:58 +0100
TORONTO - The Canadian dollar was higher Thursday morning amid rising oil and copper prices and a positive outlook for exports. The loonie moved up 0.07 of a cent to 90.72 cents US. Export Development Canada says renewed strength in the United States and in emerging markets, along with a lower
Anglo copper, iron output rise, while strike hits platinumThu, 24 Apr 2014 09:07:32 +0100
Miner Anglo American posted an increase in its copper and iron ore production in the first quarter of 2014, broadly in line with analysts' forecasts, but its platinum output slumped, hit by a strike at its South African operations. Output of iron ore, which makes up almost half of group earnings, totalled 11.3 million tonnes in the first quarter, up 10 percent from the year before, when ...
Bank Cutting Commodities Trade Severs Link With EquitiesThu, 24 Apr 2014 05:09:21 +0100
Banks, hedge funds and other financial institutions piled into physical commodities and derivatives over the past 12 years, amplifying a run-up in prices for everything from copper to oil, in short supply before the 2008 global recession, the UN found in a 2011 study.
Column-no Simple Signals From China's Q1 Metal Imports: Andy ...Wed, 23 Apr 2014 13:52:56 +0100
Copper was once again the stand-out in China's first-quarter imports of industrial metals. Net (Dusseldorf: NETK.DU - news) imports of refined copper surged by 71 percent year-on-year to 946,000 tonnes, representing an additional call on units from the rest of the world of almost 400,000 tonnes. That sort of import demand would once have had the bulls charging ahead. Yet China's net imports of ...
Base metal prices-Mumbai- Apr 22Tue, 22 Apr 2014 22:49:00 +0100
Apr 22 (Reuters) -Tuesdays rupees per tonne at the Bombay Metal Exchange: Tuesday's Previous Copper wire bars (HCL*) 51800 51800 Aluminum ingots 15000 15000 Zinc slab 17400 17400 Lead ingot 1460 1450 Tin slab 1590 1585 Nickel Cathode 1175 1165 SCRAP Copper ...
Catalyst Copper Appoints New DirectorTue, 22 Apr 2014 16:53:00 +0100
About Catalyst Copper: Catalyst Copper Corp. is a copper and base metal company with a focus on copper mining projects in Mexico . Our current focus is the La Verde copper property, which is situated in the Sierra Madre del Sur approximately 320 kilometres ...
HKEx to launch copper, aluminium, zinc mini-futures this yearTue, 22 Apr 2014 10:00:00 +0100
The company said it will introduce mini futures for the three base metals based on settlement prices of the futures on the London Metal Exchange (LME) owned by HKEx and settled in cash with Chinese renminbi. They will trade in 5-tonne lots, rather than the ...
LME Copper is down by $66 and trading at $6610, selling recommendedTue, 22 Apr 2014 03:25:00 +0100
Copper had been one of the major underperformers among base metals in 2014, having declined over 10% and during the past week, it closed near the $6650 / MT mark. It was lower last week as well having declined over $20 from its previous close. Overall ...
LME ASIAN WRAP: Copper price down amid thin trading after holidayMon, 21 Apr 2014 21:48:00 +0100
The London Metal Exchange copper prices were down during Asian morning trading on Tuesday April 22 as investors remained calm after the long weekend on escalated Ukraine tensions. At 04:05 London time, three-month copper stood at $6,611 per tonne, $37.75 ...
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 ...