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Rare metals and rare earths
Rare earths of a lanthanum subset, or lanthanides, are applied in production of permanent magnets, in iron and steel industry and non-ferrous metallurgy, in nuclear, electronic, chemical and other industries. |
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Non-metals
Non-metals are chemical elements that form simple elements with no
metal-specific qualities. Non-metals typically include 22 elements: gases - hydrogen,
nitrogen,
oxygen, fluor, chlorine and inert gases; liquids - bromine; solids - boron, carbon,
silicon, phosphorus,
arsenic, sulphur,
selenium, tellurium, iodine, astatine. |
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Copper Caps Weekly Gain in New York on Global Demand by China |
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back to the News
Copper was little changed, capping a weekly gain on speculation global demand will be buoyed by China, the world's largest consumer of the metal.
Chinese imports of copper and copper products rose 43 percent in the eight months ended Aug. 31, the Beijing-based customs office said this week. Stockpiles in Shanghai fell to the lowest level in more than five months, a report showed today. Copper, used in pipes and wires, has gained 18 percent this year as global demand outpaced supplies.
"The increase in copper consumption in China, India and other emerging markets is much larger than any decrease that a consumer-led recession in the U.S. would cause,'' Don Lindsay, chief executive officer of Teck Cominco Ltd., said in an interview today.
Copper futures for December delivery dropped 0.4 cent to $3.3925 a pound on the Comex division of the New York Mercantile Exchange. The price gained 4.3 percent this week.
Trading was "choppy'' today as traders weighed mixed U.S. economic news, said Eric Wittenauer, an industrial-metals analyst at A.G. Edwards & Sons Inc. in St. Louis. A measure of U.S. consumer confidence gained more than estimated, while retail sales and industrial production rose less than forecast.
On the London Metals Exchange, copper for delivery in three months gained $12, or 0.2 percent, to $7,550 a metric ton ($3.437 a pound). The metal rose to a record $8,800 in May 2006. back to the News |
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