Moly – Amerigo Resources Ltd. (TSX:ARG) released its results for the first quarter of 2013, noting that it produced 258,301 pounds of molybdenum, a 19-percent increase compared to the year-ago quarter. Its copper production fell by 8 percent, to 12.8 million pounds.
Copper – Copper Investing News recently spoke with Brad Marwood, managing director of Tiger Resources. Brad discussed Tiger's producing copper-cobalt project in the Democratic Republic of the Congo and helped clear up some of the negative perception that investors might have when it comes to operations in that region.
Copper – Reuters reported that Asian copper processing premiums are hitting five month highs as India's largest smelter remains closed over environmental issues.
Cobalt – The DRC has imposed a ban on exports of copper and cobalt concentrates to encourage more value-added production.
Copper – Bloomberg reported that BHP feels that supply may outpace demand this year on increasing stockpiles and production.
Copper – Reuters reported that Sterlite Resources has declared force majeure for copper deliveries and on purchases of copper concentrate as a gas leak at their Indian copper smelter has forced them to close at least until next week.
Copper – Reuters reported that the largest copper smelter in India, operated by Sterlite Industries, has been closed over concerns surrounding a gas leak. It is expected to be closed until at least next week, impacting Asian copper supply
Copper – Reuters reported that February copper production in Chile rose by 2.8 percent from a year earlier.
Copper – Bloomberg reported that a strike at one of the main export hubs for Codelco is spreading, forcing them to seek alternative shipping arrangements. As quoted in the market report:
Copper – Mining Weekly reported that First Quantum Minerals announced that their production guidance for 2013 will be in the range of 302 000 t and 330 000 t.
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