(Refiles to fix formatting) SINGAPORE, Feb 3 (Reuters) - London copper sagged on Friday on caution ahead of key U.S. employment data, and is heading for its first weekly loss in the past month as slow Chinese demand and worries about Greece's ...
* Front month Shanghai copper at discount to April contract * Discount flags lack of nearby demand * Coming Up: U.S. initial jobless claims; 1330 GMT (Updates prices) By Melanie Burton and Jane Lee SHANGHAI, Feb 2 (Reuters) - London copper ...
Sluggish demand from top copper consumer China and worries about Greece's drawn-out debt deal took the steam out of last week's rally. LME Price Highlights: --Aluminium Alloy advanced 0.47% to $2130 a metric ton --Aluminium dipped 1.9% to $2158 ...
(Adds comment, updates prices) * Investors watch for China's market re-entry * EU leaders grapple to reconcile austerity, growth * LME copper stocks fall to lowest since Sept 2009 By Maytaal Angel LONDON, Jan 30 (Reuters) - Copper fell on Monday ...
Feb. 3 (Bloomberg) -- Copper headed for the first weekly drop in four as stockpiles monitored by the Shanghai Futures Exchange rose to the highest since May 2010, boosting speculation demand in China, the biggest consumer, may be weakening.
According to Goldman, better-than-expected macroeconomic data together with a reduction in perceived tail risks in Europe and China led to a 16% rise in LME copper since mid-December. Goldman had identified copper as undervalued then but says it ...
Mumbai, Feb 6 (PTI) Nickel, tin and select copper prices fell at the non-ferrous metal market here today on renewed stockist selling amidst lower industrial offtake following bearish London Metal Exchange (LME) cues. Meanwhile, copper utensils scrap and ...
LME data showed stocks rose 30,525 tonnes to hit a new record ... 59900.00 1.05 SHFE Zin 16195.00 240.00 +1.50 21195.00 -23.59 ** 1st contract month for COMEX copper * 3rd contract month for SHFE AL, CU and ZN SHFE ZN began trading on 26/3/07
SHANGHAI, Jan 20 (Reuters) - London copper pared gains and slipped into negative territory on Friday, having earlier hit four-month highs, after data showed a sluggish start to the year from China's manufacturing sector. LME copper traded flat at $8,359.50 ...
Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is pleased to announce that diamond drill-holes LME-1038, LME-1041, LME-1043, LME-1046 and LME-1048 at the Middle Zone prospect have yielded multiple gold-copper intercepts ...
The company will immediately mothball four mines in central Appalachia, plans to idle two more by early next year and scale back output at other mines as US coal demand for electricity generation wanes.
South Africa's ruling party, the African National Congress, appears to be moving away from nationalization of the mining industry to reassure foreign investors but is considering new taxes and "targeted interventions" in the sector, particularly platinum mines.
The state agency of geology and mineral resources of Kyrgyzstan announced this week that in 2011, the output of the gold-mining industry of the ex-Soviet republic increased by 41.7% compared with 2010. The value of gold production dominated by the Kumtor mine owned by Canada's Centerra was $1.9 billion, almost a full 15% of the impoverished country's $13.16 billion (2011 est.) gross domestic product.
t would take 908 ounces of gold to purchase the average Manhattan apartment versus the 1996 low point of 1,030 ounces, a point where many think our asset bubble problems began (stocks, then housing).
According to a new European Wind Energy Association report a record 71% of all the new power generating capacity installed in the Europe Union in 2011 came from solar panels, offshore and onshore wind turbines and other renewable energy sources. This at the same time as the world's largest clean coal power station project appears stuck in the starting blocks.
A new UN report says a US trade adviser appointed by Barack Obama orchestrated a $20 million deal to buy 1,045 pounds of gold in eastern DRC from warlord Bosco Ntaganda, wanted for war crimes since 2006. The botched deal by Houston oil tycoon Dr. Kase Lawal also involved his brother and former basketball star Dikembe Mutombo.
Tata Steel Minerals Canada (TSMC), the 80 per cent subsidiary of Tata Steel in Canada, has entered into a “life of mine” rail transportation contract with Quebec North Shore and Labrador Railway Company (QNS&L), a subsidiary of Iron Ore Company of Canada.
After marching steadily higher early in the week, gold and silver saw their biggest one-day losses in more than a month on Friday as hopes for more Fed money printing were dashed after the better-than-expected labor report.
U.K.-listed Anglo Pacific PLC (APF.LN ) is a rare breed for a mining sector-focused company. It's primary business isn't running a mine or owning a deposit, but securing royalties from a mine's revenue stream and in turn providing long-term, secure revenue streams for its shareholders.
Over the past month they've been impossible to miss. On billboards across Hong Kong, throughout its subway network and all over its buses have been huge advertisements for little gold dragons.
Nothing is so salutary for the Chinese economy as growth in the United States, and nothing is so good for copper and iron ore prices as a strong Chinese economy. The recent drop in the U.S. jobless rate rippled across the world to these metals, and their exchange traded funds gained as a result.
Interfax-China reported that China's gold bullion output grew by 5.89% in 2011 to reach a record high of 360.96 tonnes up by 20.08 tonnes from the previous year making the country the world's largest producer for the fifth year running.
The China Gold Association said that South Africa, the world's largest gold producer from 1896 to 2006, has seen output dwindle in recent years. It reported total production of 192 tonnes in 2010.
Bloomberg reported that Mitsubishi Corporation of Japan plans to almost double its copper output in 2012 after spending USD 5.39 billion to buy a minority stake in Anglo American Plc's Chilean unit.
