28.03.2007 China's nonferrous output set to grow 15% in 2007
Nonferrous metal production in China is expected to grow by 15% in 2007, led by aluminium and copper, boosted by mounting demand, China Daily reported Tuesday, quoting an industry organization.
The combined production of 10 main metals aluminium, copper, lead, zinc, nickel, tin, magnesium, titanium, antimony and mercury will reach 22 million mt in 2007, up from 19.17 million mt last year, said Kang Yi, president of the China Nonferrous Metal Industry Association.
22.01.2007 LME base metals close higher; Nickel hits record high
Nickel is once again stealing the limelight by hitting new record highs in London Metal Exchange trade Friday and traders said prices look set to push higher still as supply concerns continue.
Because the market is critically tight, players have been reluctant to get caught short and as a result have little reason to sell.
By the end of Friday's open outcry sessions in London, LME nickel hit $36,250 a metric ton, a 3% gain on the day and up 11% on the week. Since the start of the year, nickel has gained a staggering 21%.
05.01.2007 Metal prices may keep rising in 2007
Investor flows that pushed metal prices to record highs this year are proving more resilient to top-of-the-cycle jitters than some had predicted and may help keep prices high well into next year. This could be good news for long-term investors who are only starting to look at commodities as a diversification option.
Spurred by a wall of passive fund money and a tightening fundamental picture, commodities such as copper and zinc reached record high prices this year.
07.10.2006 Base metals close higher on LME
The London Metal Exchange complex firmed Friday, recouping this week's losses
after some fund buying and short covering reaffirmed base metals' bullish tone,
traders said.
LME three-month copper rose strongly to an intraday high of $7,520 a metric
ton, up 3% on the Thursday PM kerb.
27.09.2006 LME Review: Up in recent range; US data, steady oil price
London Metal Exchange ticked higher Tuesday but remained within recent ranges after a positive reading for U.S. consumer confidence data and oil prices held up, traders said.
18.09.2006 Chinese imports force SUAL to curtail silicon production
Russia's SUAL aluminium group has had to reduce silicon output due to growing imports from China.
Alexander Skornyakov, SUAL's vice president and director for silicon and aluminium powders, told Interfax that Russia was producing 69,700 tonnes of silicon in 2002 but expected to produce just 51,300 tonnes in 2006, which suggests that Chinese producers are sidelining Russian producers on their own market.
11.09.2006 Mining stocks hit as gold, silver, copper drop
Mining stocks fell sharply on Monday as the price of gold, copper and other metals dropped dramatically.
The biggest loser among the miners was copper producer Phelps Dodge, whose stock was off more than 8 percent, at $83.40 in afternoon trading on the New York Stock Exchange.
22.05.2006 Gold is getting cheaper
The price of gold is falling at bidding in London and New York City on speculation a rally that drove prices for the precious metal to $700 a troy ounce will not last. The price of gold rose 64% last year in London.
22.05.2006 Gold is marking price highs
The price of gold exceeded $677 an ounce the day before, reaching a 25-year high. The rise in price of gold is probably linked to strong weakening of the US dollar on the world currency markets. Gold is traditionally considered an alternative investment instrument. Many investors prefer to keep their assets in the form of precious metals, when the US dollar is not stable.
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