Copper – Copper prices regained some traction on encouraging export figures from China, but signs that Chinese manufacturers are taking advantage of existing copper stockpiles have prevented investors from pushing the red metal back to the two-and-a-half-month high it reached at the start of the year.
Platinum – The Globe and Mail reported that Anglo American PLC (PINK:AAUKY) has appointed Mark Cutifani as the new CEO. Mr. Cutifani faces tough challenges ahead, particularly with the company’s platinum arm in South Africa.
Iron – BusinessReport reported Anglo American (LSE:AAL) said it expects the Minas-Rio iron ore project to $8 billion from $5.8 billion.
Coal – MarketWatch reported that Anglo American is cutting jobs at its Grasstree Coal mine.
Iron – Mining Weekly reported Glencore (LSE:GLEN) is considering an offer from Anglo American (LSE:AAL) for a stake in the Amapa iron ore operation.
Iron – Financial Post reported a break up of Anglo American's (LSE:AAL) answers may add value to the company.
Manganese – Mineweb reported that investors in London and in Johannesburg responded favourably in Monday trading to news that Anglo American's CEO Cynthia Carrol was resigning.
Platinum – A brief overview of platinum price developments, supply and demand and significant market movers.
Copper – Copper prices are down and volatile and world demand for raw materials is still not showing a firm upward direction. In this climate, copper majors are a good buy for an investor who is in for the long haul.
Copper – Anglo American plc (LSE:AAL) announced that it has settled its property dispute with Chile's Codelco. As per a new agreement, Anglo American will reduce its 75.5 percent share in the Anglo American Sur properties to 50.1 percent, allowing a partnership between Codelco and Mitsui & Co. Ltd. (TSE:8031) to take a 29.5 percent interest.
Get our independent commentary on resource trends and companies delivered to your inbox.
