Molybdenum is set to trade on the London Metal Exchange from February 22, but the world’s No 2 producer Chile’s Codelco has decided to stay away. Why does the miner want to go it alone? Are shaky copper prices to blame?
Contracts for minor metal molybdenum are to start trading on the London Metal Exchange from [...]
Miners are getting back to work. As Vale eyes a full restart of its Sudbury operations, Xstrata is keen to move ahead with its 2010 plans. Atlas Consolidated Mining is also looking at reopening its nickel mine in Southern Luzon this year, to take advantage of the recovery in nickel prices.
There is a different story [...]
Prices are set to follow an upward trend in 2010. Prices for oxide are forecast to average US$ 17/lbMo, rising to above US$ 20/lbMo in 2011, as strong demand willl ensure producers follow suit and hike prices.
Many Canadian CEOs attest that non-ferrous metals are enjoying even better results: Nickel is up 86 per cent; copper [...]
Nickel prices are currently trading at around $18,800 per tonne, more than double the levels seen in March 2009. With higher nickel premiums, miners are keen to restart operations and bring on good times.
Like Vale Inco’s Canadian operations. Striking workers at Vale’s nickel-copper-cobalt mine in Voisey’s Bay are back at the bargaining table.
Not just the [...]
Moly has been priced too low as compared to other minerals already traded in the futures market. The added sauce to the coming moly price surge will be a sure-fire winner for speculators. You in?
Market participants put spot prices for molybdic oxide in a range of $12.75 to $13 per pound, up from $11.25 to [...]
Copper Investing News reports copper prices fell this week.
On Monday, copper fell in New York to the lowest price in more than five weeks, as an increase in inventory sparked mounting concern that demand is dwindling.
Stockpiles in warehouses monitored by the London Metal Exchange rose 1.1 per cent to 344,350 metric tons, the highest since [...]
Tin Investing News reports tin prices have been rallying for the past few months in its highs and lows.
An estimated 11.2 per cent fall in Indonesian tin exports in July to 8,778 tonnes, helped support the market, though exports for the first seven months of the year from the world’s second biggest producer of the metal [...]
Nickel Investing News reports nickel prices soared on the London Metal Exchange due to Vale Inco’s strikes.
Vale Inco declared force majeure Friday because of ongoing strikes at its nickel operations in Sudbury, its nickel refinery in Port Colborne, and its nickel, copper and cobalt operations in Voisey’s Bay, Newfoundland and Labrador. In Greater Sudbury, more [...]
Copper Investing News reports copper prices have improved with economic optimism in the copper markets.
Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last October, [...]
Copper Investing News reports copper prices have rallied at 80 per cent this year on the back of Chinese State Reserve Bureau (SRB) purchases.
If China’s purchases grind to a halt, so will the red metal’s rally. So far, copper’s ascent has been a China only story- that has overshadowed weak demand elsewhere in the world. The metal for [...]
Friday, February 19, 2010
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