Supply Concerns for Copper
Copper – With supply concerns on the horizon, the copper market could be looking at some positive price movements.
Articles Tagged "indonesia"
Indonesian Coal Industry Facing Problems
Coal – Forbes reported that low coal prices, China's proposed import ban on low-quality coal and the Indonesian government's hunt for more tax revenue from the fuel are presenting problems for Indonesian coal miners.
Indonesia Could Take Hit from China’s Coal Plan
Coal – The Wall Street Journal reported that a plan from China's National Energy Administration that effectively bans the import of large volumes of low-quality coal will mainly effect Indonesia if it is approved.
Production Halt at Grasberg Buoys Copper Prices
Copper – Copper prices on the London Metal Exchange remained unchanged June 5 compared to the previous session. Three month copper was priced at $7,455 per metric ton.
Copper Up on Supply Restrictions, Weak Dollar
Copper – A weakened dollar and a production outage at the world's second-largest copper mine in Indonesia have boosted copper prices.
Copper Futures Rise to $3.36 as Grasberg Death Toll Hits 17
Copper – Bloomberg reported that copper futures are headed for their longest rally since January on the back of the work stoppage at Freeport-McMoRan Copper & Gold Inc.'s (NYSE:FCX) Grasberg mine in Indonesia. A tunnel collapsed at the mine on May 14 and the death toll is now at 17.
India’s Energy Shortage Draws Attention in Wake of Coalgate
Coal – Coal India's inability to supply adequate coal to India's electricity providers is causing power shortages in the energy-hungry nation.
Indonesia’s $1B Nickel Smelter to Start in 2014
Nickel – Reuters reported that Indonesia expects its nickel smelter, which is being constructed in Central Sulawesi, will start operations towards the end of 2014. The Indonesian government announced that it will no longer allow unprocessed mineral exports after January 2014, a rule that has been heavily criticized by miners who believe smelters are not viable for all metal ores that the country exports.
Indonesia Softens Controversial Mining Policy After Industry Criticism
Tin – Reuters reported that Indonesia, the world’s top exporter of refined tin, is working on boosting exports of finished products. The government’s focus now is to add value to exports, which make smelters unnecessary.
Profiting from the Asian Coal Race
Coal – Japan is joining Asia’s battle for coal resources. Who will benefit from the rush for new supply?
