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BASE METALS
Copper near 13-1/2 mth highs, dollar hinders
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Copper hovered near 13-1/2 month highs on Tuesday as the dollar rose and inventories marched higher, but new investor cash offered some support. Benchmark copper on the London Metal Exchange closed at $6 826 a ton versus $6 855 on Monday. It...
By: Reuters
17th November 2009
BASE METALS
Copper at 13-1/2 mth high on weak dollar, China snow
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Copper hit a 13-1/2 month high on Monday, boosted by a weak dollar, worries bad weather might disrupt supply in China and optimism over economic recovery prospects.
Copper for three-month delivery on the London Metal Exchange traded at $6 770 a...
By: Reuters
16th November 2009
ALUMINIUM
BofA sees aluminum staying weak in 2010-analysts
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Aluminum prices should remain weak into 2010, with smelters expected to restart some idled production despite a surplus already overhanging the global market, keeping prices at "bearish" levels, according to a Bank of America Merrill Lynch...
By: Reuters
10th November 2009
BASE METALS
Copper falls, rising inventories signal weak demand
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Copper fell on Thursday, with another jump in inventories underscoring weak demand as OECD consumption languishes and analysts see high prices deterring Chinese buying.
At 1547 GMT, copper for three-months delivery on the London Metal Exchange...
By: Reuters
5th November 2009
RUSSIA
Prokhorov may raise Rusal stake to 19,2% – paper
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Russian tycoon Mikhail Prokhorov's Onexim group may increase its stake in UC Rusal, the world's biggest aluminium producer, to 19,16% from the previously expected 18,5%, a Russian newspaper said on Thursday.
Vedomosti business daily quoted...
By: Reuters
5th November 2009
ALUMINIUM
Rusal in 1,68Mt aluminium deal with Chinese group
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Russia's UC RUSAL, the world's biggest aluminium producer, has signed a deal to supply 1,68-million tons of the metal to China North Industries Corporation (NORINCO) in 2010 to 2016, the companies said on Monday. "
UC RUSAL's sales to China are...
By: Reuters
2nd November 2009
BASE METALS – 2
Chinese group commissions 150 000-t/y copper smelter in Zambia, despite economic slowdown
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Zambia’s President Rupiah Banda last week commissioned the Chambishi copper smelter, which is owned by China Nonferrous Metal Mining Group (CNMMG).
By: Talent Ngandwe
30th October 2009
COPPER
Copper at 1-week low on rising inventories, US data
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Copper fell to one-week lows on Wednesday as metals investors worried about rising inventories and poor demand, with a firmer dollar and U.S. new home sales data also weighing on prices.
Copper for three-months delivery on the London Metal...
By: Reuters
28th October 2009
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