China's refined copper surplus is expected to widen in 2014, on lower demand from the collateralized borrowing sector, as well as a slowdown in the domestic private sector's construction activities, Chinese industry experts said Thursday. ...
Tags: Refined Copper, Copper, Metallurgy
Chinese traders and analysts reacted cautiously Tuesday to news that Qingdao port had halted shipments of aluminum and copper due to a probe into loan irregularities involving stocks in port warehouses. Local media reported Monday that ...
Tags: Copper Shipments, aluminum, copper
Going long on lead and short on copper continues to be a solid investment strategy in 2014, particularly as lead tilts toward a supply deficit and copper toward surplus, investment bank BNP Paribas said Thursday. Despite lead's ...
Despite a recent recovery in London Metal Exchange copper prices, market analysts were still bearish this week on the metal's price for the rest of this year, based on factors such as a surge in supply and a weak Chinese construction ...
Tags: copper, copper prices
ICE Cotton stayed in an uptrend this week with K4 holding ground and settling at 92.19, up over 100 pts. Futures, with the help of a friendly spec contingent that had anticipated the USDA’s lowering of 13/14 carry-out estimate (and ...
Tianjin Precious Metals Exchange's plan to start spot copper trading from March 17 would probably boost trade in the metal in northern China, industry observers said Thursday. There could be some movement in trading from eastern and ...
Tags: Copper Market, spot copper
The world refined copper market balance for November 2013 showed an apparent production deficit of 129,000 mt, mainly due to record-high Chinese apparent demand, according to preliminary data issued last Friday by the International Copper ...
Tags: Refined Copper, Mineral
Any copper surplus next year is unlikely to emerge until the second half, with the price well supported in the first half, JP Morgan said Thursday. It raised its forecast for the average price in the first quarter by 2% to $7,210/mt, and ...
Tags: JP Morgan, copper surplus, copper
HSBC has lowered its copper surplus forecasts for 2013 and 2014 and raised its outlook for the average price by 7%, the bank said Thursday. "We have cut our 2013 surplus forecast from 320,000 mt to 38,000 mt and our 2014 [forecast] from ...
Tags: Metallurgy, Mineral, Energy, Copper
Khaleej Times reported copper rose in London before a report that may show manufacturing in China increased, adding to speculation of recovering demand by the biggest buyer. Copper for delivery in three months gained 0.2% to USD 7,933 a ...
Tags: copper, London, copper demand, copper market
Reuters reported that workers at the world's biggest copper mine,Chile's Escondida,have rejected an early pay offer made by mine controller BHP Billiton. A union leader said that the risk of a strike appears remote,however,because it is ...
Tags: Escondida copper mine workers, reject early wage offer, Chile
Dido Harding, the CEO of TalkTalk, has called for regulatory intervention into the superfast broadband market in order to encourage greater competition. Speaking at the Huawei Broadband Forum, Harding said 95% of the fibre broadband ...
Tags: TalkTalk, CEO, Broadband, Intervention
Bloomberg reported that the International Monetary Fund halted the Democratic Republic of Congo's USD 532 million, three year loan program after the government failed to publish details of a 2011 mining deal. The lender, based in ...
Tags: contract mining, no credit loans, copper market, copper ore mining
Mr Thomas Keller CEO of Corporación Nacional del Cobre de Chile said that China's commitment to urbanization and industrialization should give the global copper market a healthy boost in the coming years. Mr Keller said that ...
Tags: copper market, iron ore price news, copper tube sizes, copper scrap
Reuters reported that London and Shanghai copper prices hit their highest in nearly 7 weeks cheered by news that China is seeking more effective policies to ensure stable economic growth. Concerns about the budget talks in Washington were ...
Tags: copper market, scrap metal price, copper scrap, copper price