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Archive for the 'Commodity Prices - Copper' Category

Time To Leave The Party? (Commodities Corner)

Barron’s 24-Mar-2008
By Andrea Hotter
It’s official. Commodity prices are no longer a safe one-way bet. Their resilience is waning as risk aversion takes the driver’s seat. Their saving grace? Investors are saying they’re still reluctant to be caught short.
Commodities prices have been in a tailspin as market participants began adopting the view that a fire sale [...]

Copper theft wreaking havoc

Business Spectator (Australia), 1:18PM 29-Feb-2008
by AAP
A wave of copper thefts sweeping Australia and the United States is causing havoc as essential services are put at risk.
The surging demand for copper in India and China has pushed the price of scrap copper to $7,500 per tonne in Australia, authorities say, making it a target for increasingly-bold [...]

BMO Strategist: High Oil, Metals Prices Have ‘Staying Power’

Dow Jones Newswires, 12:02 ET (17:02 GMT) 26-Feb-2008
By Allen Sykora
Base and precious metals prices, along with oil, have “staying power” to remain at historically high levels for some time, underpinned by supply issues as well as demand from developing economies, Bart Melek, global commodity strategist with BMO Capital Markets, said Tuesday.
Melek addressed commodities during a [...]

Rio sees more metals commodity price records ahead

Mineweb.com 13-Feb-2008
Rio Tinto’s Chief Economist believes that strong demand from China and other developing nations will counteract any weakness in Western economies and that some metals commodity prices may not yet have reached their cyclical peaks.
LONDON (Reuters) -
Commodity prices may shatter recent records and hit fresh peaks as buoyant demand for metals is little affected [...]

U.S. Mint to use more zinc, less copper and nickel

The Guardian (UK) 08-Feb-2008
(adds information about Mint’s coin production, paragraphs 3-6)
by Reuters
WASHINGTON, Feb 8 (Reuters) - The U.S. Mint plans to use less copper and nickel, but more zinc, as it ramps up penny production and cuts back on nickels, dimes, quarters and dollar coins, an agency spokeswoman said on Friday.
The Mint’s zinc needs will [...]

BHP-Rio Merger Will Push Up Metals, Ore Prices (Focus)

Dow Jones Newswires, 02:38 ET (07:38 GMT) 06-Feb-2008
By Elisabeth Behrmann
SYDNEY (Dow Jones)–Metals markets could see longer-term prices move up if BHP Billiton Ltd.’s (BHP.AU) sweetened $147.7 billion takeover bid for rival global miner Rio Tinto Ltd. (RIO.AU) proves successful.
The key synergy and future money spinner for the merger is still iron ore, where longer-term prices [...]

Mining analysts missing the mark: report

theglobeandmail.com, 10:40 AM EST 06-Feb-2008
by ROMA LUCIW, Globe and Mail Update
Mining analysts are missing the mark in their predictions for a sharp decline in metal prices, according to a report from Ernst & Young.
“Contrary to the continued assertions of mining analysts, current metal prices are actually a return to sustainable price levels following an extended [...]

Grupo Mexico sees 2008 copper output up 7.3 pct (Update 2)

Reuters, 1:48pm EST 30-Jan-2008
(Updates with further comments from Muniz, details on profit, outlook, paragraphs 5, 6, 8-11; adds byline)
By Mica Rosenberg
MEXICO CITY, Jan 30 (Reuters) - Grupo Mexico said on Wednesday its Southern Copper mining division would produce 635,000 tonnes of copper in 2008, 7.3 percent more than in 2007, as the giant Cananea mine [...]

Credit woes may worsen mine undersupply, scuttle high-risk projects - Lehman

Mining Weekly (Creamer Media) 25-Jan-2008
By: Martin Creamer
Current credit market woes could further stunt commodities supply growth especially from small producers seeking to develop high-cost projects in “risky” regions like the Democratic Republic of Congo and Zambia, says Lehman Brothers in its 2008 commodities outlook.
Lehman notes that lack of available supply has already limited global consumption [...]

Copper Price Graph - 4 year

January 1, 2004 - January 1, 2008

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