Copper Stocks Articles

Peru says it and India plan to start free trade talks this quarter

Jan 19, 2017 / Reuters

LIMA, Jan 18 (Reuters) - India and Peru plan to start negotiations on a bilateral free trade agreement covering goods, services and investments sometime in the first quarter, Peru said on Wednesday.The Cabinet of Indian Prime Minister Narendra Modi approved a feasibility study on the proposed deal on Wednesday, clearing the way for the start of formal talks, Peru's Trade Ministry said in a stateme...Read More

Copper: 5 things to look for in 2017

19 Jan 2017 / Insight

Description This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved. For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making. Our analysts are based in the markets they analyse and work with...Read More

SMM Evening Comments (Jan 19)

Jan 19 2017 / Staff reporter

SHANGHAI, Jan 19 (SMM)? 1/4 ?Nonferrous metals rallied today, with lead rising 2%. Aluminium and tin edged up about 1% and copper gained slightly. Nickel saw a slight dip today.The ferrous complex also did well today. Rebar led the gain with a 2% rise. Hot-rolled coil climbed nearly 2%, iron ore rose 1.59% and coke gained 1%. Coking coal edged up 0.63%.Copper: SHFE copper traded bet...Read More

Analysis: Copper prices to rise in 2018 despite current decline

Jan 19 2017 / Staff reporter

SHANGHAI, Jan 19 (SMM)? 1/4 ?Copper prices are expected to rise, overall, in 2018 despite current declines.This is in line with expectations from financial institutes such as Deutsche Bank, Société Générale and the Chilean state copper commission, Cochilco. All three have raised their price expectations in anticipation of tighter supply.SMM believes that, as i...Read More

SMM Morning Comments (Jan 19)

Jan 19 2017 / Staff reporter

SHANGHAI, Jan 19 (SMM)? 1/4 ?Copper: Copper is expected to remain rangebound today. LME copper is to trade at $7,020-7,120/mt while SHFE 1803 is to trade at 53,190-54,050 yuan/mt. Spot discounts are expected at 130-80 yuan/mt.Aluminium: We see LME aluminium trading at $2,220-2,250/mt while SHFE aluminium is likely to follow LME tendency at 14,600-14,800 yuan/mt today. We see spot discoun...Read More

Freeport reaches settlement with US Gov't, Navajo Nation on uranium mines cleanup

Jan. 18, 2017, 8:35 AM / Cecilia Jamasmie

Freeport-McMoRan (NYSE:FCX) has entered into an agreement with the US government for the cleanup of 94 abandoned uranium mines on Navajo land, the U.S. Justice Department said on Tuesday.Company will perform the work and federal government will contribute about half of the more than $600 million cleanup costs.Under the deal, valued at more than $600 million, Freeport-McMoRan units Cyprus Amax Mine...Read More

Rio Tinto, Chinalco put an end to copper joint venture

Jan. 18, 2017, 6:18 AM / Cecilia Jamasmie

Mining giants Rio Tinto (LON:RIO) and Aluminum Corp. of China (Chinalco) have decided to call it quits on a six-year-old exploration joint venture originally set to find copper deposits in China.Rio had dropped a hint about the breakup on Tuesday by saying it had discontinued exploration work in China, India and Mexico, with no further details.A Chinalco spokesperson confirmed to Bloomberg that t...Read More

Yamana Gold resumes operations at mine in Chile after deal with unions

Jan. 18, 2017, 5:50 AM / Cecilia Jamasmie

Operations at Canadian miner Yamana Gold's (TSE:YRI) (NYSE:AUY) El Pe????n mine in northern Chile have resumed following collective bargaining agreements reached with two unions representing underground workers, the company said late Tuesday.The strike has not had a significant impact on mine and consolidated production, said Yamana.The Toronto-based miner halted El Pe????n, its second biggest gol...Read More

BC court fight over treaty vs mineral rights

Jan. 18, 2017, 4:00 AM / Business in Vancouver

Junior exploration companies with mineral claims throughout the province have no right to know when the government is secretly negotiating interim treaties that the junior sector fears could result in de facto expropriation without consultation.That's what government officials are now openly admitting to the courts, according to the law firm representing a junior mining company that is seeking a j...Read More

Mining production increases spell good news for suppliers

Jan. 18, 2017, 2:30 AM / Project Monitor

For companies servicing the mining sector, project opportunities have declined significantly in the past few years.But, with production increasing, the opportunities presented by operating mines are growing.The decline in project opportunities is in line with the decline in capital expenditure in mining and oil-and-gas, as shown in the following graph. (Separate figures for mining and oil-and-gas...Read More

Mount Polley mine disaster followed years of permit delays - report

Jan. 18, 2017, 1:30 AM / Business In Vancouver - Nelson Bennett

In 2004, Imperial Metals Corp. (TSX:III) notified B.C.'s Ministry of Water, Land and Air Protection that it would be applying for a water discharge permit in anticipation of restarting its Mount Polley copper mine near Likely, B.C.The company said it would need to release water from a tailings pond, which would grow in volume once mining resumed operations.Ten years later, it was still waiting for...Read More

Earnings in focus as European shares pause after Trump rally; Pearson dives

Jan 18, 2017 / Reuters

* Europe's STOXX inches up 0.2 pct after choppy day* Pearson plunges after profit warning* ASML surges to record high on net income beat* Miners top gainers as copper steadies (Recasts, adds quotes and detail, updates prices)By Danilo MasoniMILAN, Jan 18 (Reuters) - European shares ended little changed on Wednesday with investors looking at corporate earnings for market direction as more doubts...Read More

CORRECTED-Vedanta's Zambia mine to pay first instalment of $100 mln owed to govt by month-end

Jan 18, 2017 / Reuters

(Corrects headline and first paragraph in Jan. 17 story to show payment is not a fine)LUSAKA, Jan 17 (Reuters) - Konkola Copper Mines (KCM), owned by global conglomerate Vedanta Resources PLC VED.L , will pay the first tranche of the $100 million it owes the Zambian government by the end of the month, the country's investment firm said on Tuesday.The claim relates to outstanding payments under a...Read More

UPDATE 2-UK Stocks-Factors to watch on Jan 18

Jan 18, 2017 / Reuters

(Updates futures, adds company news items)Jan 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 14 points higher on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.3 percent ahead of the cash market open.* The UK blue chip index closed 1.5 percent lower at 7,220.38 points, posting its biggest one-day drop since June 2016 on Tuesday, with a jump in sterling followi...Read More

Gold hovers below 8-week high ahead of Yellen, U.S. inflation data

Jan 18, 2017 / - Gold prices were little changed on Wednesday, holding near the prior session's eight-week high as investors await Federal Reserve Chair Janet Yellen's speech on monetary policy.Market players also looked ahead to U.S. inflation data later in the day.Gold for February delivery on the Comex division of the New York Mercantile Exchange held steady at $1,212.65 a troy ounce by 3:15AM E...Read More

UK Stocks-Factors to watch on Jan 18

Jan 18, 2017 / Reuters

Jan 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 14 points higher on Wednesday, according to financial bookmakers.* The UK blue chip index closed 1.5 percent lower at 7,220.38 points, posting its biggest one-day drop since June 2016 on Tuesday, with a jump in sterling following Prime Minister Theresa May's speech on Brexit hurting dollar-earning companies. DEUTSCHE BOERSE/LONDON S...Read More

SMM Evening Comments (Jan 18)

Jan 18 2017 / Staff reporter

SHANGHAI, Jan 18 (SMM)? 1/4 ?Lead stood out among nonferrous metals with a 1% rise. Tin declined 1% and nickel slipped 0.43%. Copper, zinc and aluminium slid slightly.The ferrous complex performed better. Iron ore rose 1.42% and rebar rose 1%. Coke edged up 0.74% and hot-rolled coil gained 0.55%. Coking coal gained slightly.Copper: Copper faces a downward trend in the short term, an...Read More

China's GDP grows 6.9% in 2017, above expectation of 6.8%

Jan 18 2017 / Staff reporter

China's gross domestic product (GDP) grew 6.9% in 2017, beating expectations of 6.8%. GDP growth for 2016 was also 6.9%GDP in Q4 2017 grew 6.8%, slightly above expectations of 6.7%.On a quarterly basis, GDP expanded 1.6%, just under expectations of 1.7%.The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and...Read More

Global base metals in deeper deficits in Jan-Nov 2017

Jan 18 2017 / Staff reporter

SHANGHAI, Jan. 18 (SMM)? 1/4 ?Nonferrous metals saw more deficits from January to November 2017 compared to the same period in 2016, according to a release from the World Bureau of Metal Statistics (WBMS).AluminiumAluminium saw a deficit of 1.57 million mt, following a deficit of 770,000 mt in 2016. Demand for primary aluminium for January to November 2017 was 54.92 million mt. This was 1.41...Read More

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