Copper Investing News reports copper futures fell after being on a high for nine months.
Internationally, copper was mixed. On the Shanghai Futures Exchange October-delivery copper dropped as much as 1.5 per cent to hit 43,020 Yuan per tonne, before trading at 43,340 Yuan. Premiums paid by Chinese importers, typically a good indicator of demand, are [...]
Copper Investing News reports copper prices drove to a month high with positive outlook in the economy.
Additional impetus to copper’s rally came by way of dollar weakness, and data that U.S. consumer prices climbed at a slightly faster-than-expected pace in June, boosting the metal’s appeal as an inflation hedge.
Copper ignored an increase in London Metal [...]
Nickel Investing News reports nickel has taken a dive to 80% since May 2007.
Nickel demand for 2009 is forecasted to see a second annual decline. Global demand will reach 1.15 million tonnes this year; consumption was 1.27 million tonnes last year. Stainless-steel accounts for about two-thirds of nickel demand. Demand from the top market, the Chinese [...]
Zinc Investing News reports zinc price has not been performing well due to the current global recession.
Some existing producers have also shut down or curtailed output at mines and plants as high costs and low prices bite.
Zinc and lead producers have taken some of the biggest hits, with many companies underwater at current metal market prices.
For [...]
Lead Investing News reports lead prices have been declining with the global recession and companies having to cut or hold their plans to bring on new mines.
Some existing producers have also shut down or curtailed output at mines and plants as high costs and low prices bite. Zinc and lead producers have taken some of the [...]
Moly Investing News reports Japan testing the moly market in the current recovery in the financial markets.
Production fell in August as plants closed in mid August for holidays. Production for September and October 2008 is likely to be between the July and August figures, but a drastic fall is expected starting November 2008. The current [...]
Thursday, July 23, 2009
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