Weekly Round-Up: Commodities Track Dawdling Recovery
Economic data continued to point to a slow, steady rebound in the US this week, while Repsol and Shell hooked up on a big liquefied natural gas deal.
Articles Tagged "freeport mcmoran copper"
Copper Firms Seen as Good Buy for Long Term
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 Futures Lifted by Bullish US Data, Eurozone Debt Action Plan
Copper – Copper futures were volatile on Tuesday, but closed higher for the second-straight day as better-than-expected US consumer confidence data and a relative calm tone in the European markets overshadowed a disappointing home sales data.
Copper Rallies on Growing Supply Concerns
Copper – Copper future rallied on mounting concerns that demand will outpace global supplies by as much as 600,000 tonnes in 2011.
Lundin Announces Successful Completion of Tenke Fungurume Contract Review Process
Copper – Lundin Mining Corporation (TSE:LUN) announces that the government of the Democratic Republic of Congo and Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) have announced the successful conclusion of the review of Tenke Fungurume Mining's contracts.
Resource Market Weekly Recap
Major manganese mining companies are on the offensive, securing new operations in an attempt to capitalize on growing demand for steel. Analysis from leading iron ore companies anticipate the global demand for steel growing, due largely to emerging economies, for at least a decade.
Stimulus spending could bridge the gap in molybdenum prices
Moly Investing News reports molybdenum prices may have an upswing effect with the stimulus spending package. The market price of molybdenum oxide in the 2008 fell steeply from US $34 per pound to US$ 8.75 per pound at the end December. Speaking at the BMO Global Metals and Mining Conference on Monday, Freeport McMoRan Copper & Gold [...]
Molybdenum cuts continue
Moly Investing News reports moly prices have been affected with the global economic slowdown. China just announced that its exports of molybdenum are down 6.1 per cent in October, and 21.6 per cent annually for the year on year period. China shipped out 2245 tonnes of molybdenum products in October, and 2230 tonnes in September. [...]
Molybdenum puts on the brakes
Moly Investing News reports molybdenum prices have been hit hard and is at its lowest since 2004. The market price of molybdenum oxide has been maintained on a comparatively high level at US$32 to US$33 per pound of Mo even while the other metals collapsed. This steep fall for molybdenum oxide is due to the [...]
