Metal
Copper Advances on Shrinking Stocks, Demand From Auto Makers
Copper Advances on Shrinking Stocks, Demand From Auto Makers Copper rose in New York, buoyed by shrinking inventories of the metal, signs of demand from carmakers and an unexpected gain in German business confidence. Copper stockpiles in Shanghai fell the most in four months and those tracked by the London Metal Exchange slid for a [...]
Lynas Counts Costs as Malaysian Rare-Earths Plant Held Up
Lynas Counts Costs as Malaysian Rare-Earths Plant Held Up Lynas Corp., an Australian mining company, said it’s “seriously” affected by delays in getting a refining license in Malaysia where it’s near finishing the first phase of the world’s biggest rare-earths plant. “We are ready to fire in about a fortnight,” Mashal Ahmad, Lynas Malaysia Sdn.’s [...]
LME Copper Dominant Position Exceeds 90%, Is Worth $1.46 Billion
LME Copper Dominant Position Exceeds 90%, Is Worth $1.46 Billion ******************************************************************************** BN 04/20 06:30 *ONE COMPANY HOLDS OVER 90% OF COPPER STOCKPILES, LME SAYS ******************************************************************************** One unidentified company controls at least 90 percent of copper stockpiles tracked by the London Metal Exchange, worth about $1.46 billion at current prices. The so-called dominant position of 50 [...]
Gold May Advance for a Second Day as Weaker Dollar Spurs Demand
Gold May Advance for a Second Day as Weaker Dollar Spurs Demand Gold may gain for a second day in London as a weaker dollar spurs demand for the metal as an alternative asset and as commodities rise. The euro climbed against the dollar amid speculation Group of 20 officials meeting with the International Monetary [...]
Copper Traders Turn Bullish as Growth Accelerates: Commodities
Copper Traders Turn Bullish as Growth Accelerates: Commodities Copper traders are bullish for the first time in six weeks on mounting confidence that demand will accelerate in line with economies at a time when mining companies are already failing to keep up with consumption. Eleven of 29 analysts surveyed expect the metal to climb next [...]
China March Copper Imports Fall From Month Ago on Stockpiles
China March Copper Imports Fall From Month Ago on Stockpiles ******************************************************************************** BN 04/09 23:06 *CHINA MARCH COPPER, PRODUCTS IMPORTS 462,182 TONS :GACZ CH ******************************************************************************** Copper imports by China, the world’s largest user, declined in March from a month earlier as high domestic inventories discouraged traders from boosting orders while the arbitrage window remained closed. Arrivals [...]
Gold May Climb in New York on Bets for More U.S, China Stimulus
Gold May Climb in New York on Bets for More U.S, China Stimulus Gold may climb in New York on speculation that central banks in the U.S. and China may take more steps to spur growth, boosting demand for precious metals. China reported an unexpected trade surplus last month as import growth trailed forecasts, raising [...]
Copper May Rise From 7-Week Low on Speculation Drop Was Overdone
Copper May Rise From 7-Week Low on Speculation Drop Was Overdone Copper may rise from a seven-week low in New York on speculation prices fell too far yesterday, when the London market remained closed for a holiday. Prices reached $3.705 a pound, the lowest level since Feb. 17, in Comex trading yesterday after figures released [...]
Gold Imports by China From Hong Kong Climb After New Year Lull
Gold Imports by China From Hong Kong Climb After New Year Lull Gold imports by China from Hong Kong increased for the first time in three months in February as buying picked up after the Lunar New Year. Mainland China bought 39,668 kilograms (39.668 metric tons), up from 32,948 kilograms in January, according to export [...]
Alcoa Sees China Aluminum Cuts While Output Expands: Commodities
Alcoa Sees China Aluminum Cuts While Output Expands: Commodities Alcoa Inc. Chief Executive Officer Klaus Kleinfeld said in January China’s aluminum industry would cut 1.1 million metric tons of unprofitable capacity “pretty soon.” So far that prediction isn’t close to coming true. China’s aluminum industry, the world’s largest, saw output rise 18 percent in the [...]
