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 [...]
Zinc Investing News reports zinc prices improved over the past two weeks.
European zinc producers are preparing to make further production cuts to combat a growing supply glut and weak prices. Output has already been slashed by 10 per cent, or 1 million tonnes worldwide, with more than a quarter coming from European producers. The production [...]
Nickel Investing News reports nickel prices have been hit pretty hard trading at $10,000 per tonne as compared to $33,000 in February on the London Metal Exchange.
When it comes to mining, Australia is taking the brunt of the hit. The large amounts of miners in the area are struggling to cope with the metal’s recent [...]
Nickel Investing News reports nickel market price have been falling with the recent global economic downturn.
The price of nickel used in stainless steel has slumped more than 60 per cent from the beginning of this year and some mining companies have been forced to cut back output or delay projects as prices have fallen below [...]
Friday, April 17, 2009
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