Copper – With supply concerns on the horizon, the copper market could be looking at some positive price movements.
Articles Tagged "indonesia"
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.
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.
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 – A weakened dollar and a production outage at the world's second-largest copper mine in Indonesia have boosted copper prices.
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.
Coal – Coal India's inability to supply adequate coal to India's electricity providers is causing power shortages in the energy-hungry nation.
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.
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.
Coal – Japan is joining Asia’s battle for coal resources. Who will benefit from the rush for new supply?