Mining Industry
Jiangxi Copper’s 33% profit-rise misses forecast
Mar 28 2012Copper traders bullish for the first time in six weeks »
Copper traders are bullish for the first time in six weeks on mounting confidence that demand will accelerate in line with economies at a time when mining companies are already failing to keep up with consumption. Eleven of 29 analysts surveyed by Bloomberg expect the…
Apr 20 2012 / No Comment / Read More »London copper futures little changed on Thursday »
London copper futures were little changed on Thursday as caution reigned ahead of a key bond auction in Spain amid growing worries the euro zone debt crisis is resurfacing, dimming the outlook for global raw material demand. FUNDAMENTALS * Three-month copper on the London Metal Exchange ticked…
Apr 19 2012 / No Comment / Read More »Freeport deal talk intensifies on cheap copper: real M&A »
Freeport-McMoRan Copper & Gold Inc. (FCX) is offering the best deal in copper for mining companies willing to bet big on the metal. Freeport, the world’s largest publicly traded copper miner, yesterday was valued at 3.3 times its earnings before interest, taxes, depreciation and amortization in 2013, according…
Apr 18 2012 / No Comment / Read More »Copper rose on Wednesday »
Copper rose on Wednesday, led by equities on news that South Korea’s central bank will buy $300 million in Chinese stocks over the next three months. Traders say Shanghai copper rose in tandem with the Shanghai Composite index in midmorning trading, leading to plenty of short-covering…
Apr 18 2012 / No Comment / Read More »Nickel futures prices today traded marginally lower by 0.07 per cent to Rs 943 per kg »
Nickel futures prices today traded marginally lower by 0.07 per cent to Rs 943 per kg, due to reduced offtake by traders on subdued demand…
Apr 3 2012 / No Comment / Read More »Nickel prices rose by Rs 6.20 to Rs 935 per kg in futures trade today »
Buoyed by a firming global trend and pick up in domestic demand, nickel prices rose by Rs 6.20 to Rs 935 per kg in futures trade today on speculators…
Apr 2 2012 / No Comment / Read More »Nickel and Tin fell at the non-ferrous metal market »
Nickel and Tin fell at the non-ferrous metal market here today on stockist selling amidst lower demand from alloy industries on the back of bearish London Metal Exchange (LME)…
Mar 30 2012 / No Comment / Read More »