Copper Investing News reports copper prices bounced up as demand for it strengthened.
A huge drawdown in London Metal Exchange inventories provided the strongest boost to copper. Stockpiles monitored by the London Metal Exchange tumbled 2.4 per cent to 480,400 metric tonnes, the biggest one-day drop since October 21. Adding to improved demand prospects were cancelled [...]
Moly Investing News reports moly prices are at around $9 per lb.
Molybdenum managed to hold its price point longer than other metals; but in the fourth quarter of 2008 the steel industry’s defeat sent molybdenum on a free fall. Around 70 per cent of molybdenum demand comes from steel production, and with steel producers operating [...]
Aluminum Investing News reports aluminum prices have been on the low side due to reduced demand from automakers, builders and appliance manufacturers.
The global recession, collapsing consumer and corporate confidence and plunging demand for industrial metals have combined to drop the aluminum prices on the LME to their lowest monthly rate since April 2003. Aluminum inventories are rising [...]
Tungsten Investing News reports the growth in tungsten markets have been relatively good as its need for civil and war industries as well as defense have been rising around the world.
Asia Pacific represents the largest and fastest growing portion on the market. End users largely depend on China, which represents over 85 per cent of the worldwide tungsten supply. [...]
Friday, April 17, 2009
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