Articles Tagged "Codelco"

Codelco to Fall Short on China Copper Shipments, Country Could Buy Spot Copper

Copper – Reuters reported today that Chile's Codelco could cancel as much as 10,000 tonnes of its term copper shipments to China, which could pressure China to buy copper elsewhere. According to Reuters, and unnamed source stated that Codelco has already cancelled 7,000 tonnes of shipments so far, and BHP Billiton (NYSE:BHP) has also asked to delay some of its term copper shipments to China.

Foster Wheeler Subsidiary to Build Chile-based Moly Refinery

Moly – Foster Wheeler AG (NASDAQ:FWLT) announced that a contract for "engineering, procurement and related services" for a grassroots, Chile-based molybdenum refinery has been awarded to a subsidiary of its Global Engineering and Construction Group. The contract was awarded by an affiliate of CODELCO, and the new facility will be one of the largest of its kind.

Silver Trades Down as Thomson Reuters GFMS Predicts Higher Demand in 2013

Silver – Silver prices were pushed down this week by anxiety about the end of quantitative easing, but Thomson Reuters GFMS and the US Mint provided some more positive news.