BASE METALS HIGHLIGHTS: Top Stories Of The Day
First Published Monday, 30th April 2012 02:17 pm - © 2012 Dow Jones
ICSG: 2012 Refined Copper Market Seen In 237,000-ton Deficit
LONDON -(Dow Jones)- The world refined copper market should record a deficit of 237,000 metric tons this year, before swinging to a 360,000-ton surplus in 2013 amid increased output from new and existing mines, the International Copper Study Group said Monday.
Chile March Copper Output Falls 2.6% On Year To 423,064 Tons
SANTIAGO (Dow Jones)--Copper output in Chile, the world's largest copper producer, fell 2.6% on the year in March to 423,064 metric tons, the government statistics agency said Monday.
STORIES OF INTEREST:
Chinese Co To Invest $100 Million In Uganda's Kilembe Copper Mines
KAMPALA Uganda (Dow Jones)--China's Gingko Investment Ltd. is planning to invest at least $100 million to revive copper mining operations at Uganda's defunct Kilembe Copper Mines, the Ugandan presidential office said over the weekend.
Mexico's February Mining Production Up 13% On Year
MEXICO CITY (Dow Jones)--Mexican mining production rose 13% in February from a year earlier, led by increases in copper, silver and gold output, the National Statistics Institute, or Inegi, said Monday.
Peru's Buenaventura 1Q Net Income $207.5M Vs $224.8M
LIMA (Dow Jones)--Peruvian mining company Compania de Minas Buenaventura SAA (BVN, BUENAVC1.VL) said Friday first-quarter net income totaled $207.5 million, or 82 cents a share, down from $224.8 million, or 88 cents a share, in the same quarter a year earlier.
German Union Starts Strikes In Metalworking Sector
BERLIN (AFP)--Germany's powerful IG Metall labor union began industrial action Sunday ahead of planned countrywide strikes in the pivotal engineering and metalworking sectors in an mounting dispute over pay.
LME Metals Mixed; European Concerns Weigh
LONDON (Dow Jones)--Base metals are mixed on the London Metal Exchange Monday, undoing early gains as equities and the euro lose ground amid renewed concerns over the economic situation in Spain.