Posts by sharenet:

copper roll mining

Copper market expects squeeze, big holding appears

Traders are bracing for a replay of the April squeeze that made copper expensive to obtain quickly, saying major trader Glencore controls almost half the inventories of the commodity held in London Metal Exchange-registered warehouses worldwide.
sharenet | July 2, 2012 | 4:33 pm

Copper gains for 2nd day as Greece default woes ease

London copper edged higher for a second straight session on Tuesday after an orderly auction of Greek default insurance eased concerns about Greece's threat to the euro zone and eroded safe-haven support for the dollar.
sharenet | March 20, 2012 | 2:03 am

Australia trade dives into deficit on China, gold

Australia's trade account unexpectedly dived into the red in January as exports to China were hit by the Lunar holiday and shipments of gold took a steep drop, making a soft start to the year for one of the country's success stories.
sharenet | March 9, 2012 | 1:59 am

LME copper slips on slow China demand, EU debt woes

London copper slipped on Thursday as gains in the past month kept Chinese buyers at bay and the euro zone debt crisis continued to weigh on sentiment, but upbeat global manufacturing data is expected to keep a floor under prices.
sharenet | February 2, 2012 | 1:49 am

LME copper hits near 4-month high on IMF hopes

London copper hit a four-month high on Thursday after news that the International Monetary Fund was seeking to raise funds to tackle the euro zone debt crisis tempered worries over European funding troubles and boosted risk appetite.
sharenet | January 19, 2012 | 1:17 am

E.ON in $34 billion Brazil power deal with MPX

Giant German utility E.ON said on Wednesday it will team with Brazilian billionaire Eike Batista to build the largest privately held network of power plants in Brazil, as it bets on emerging markets amid stagnant growth in Europe.
sharenet | January 11, 2012 | 8:34 pm

China to impose local coal consumption caps -report

China is planning to cap coal consumption in a number of pilot regions as part of its plans to increase the use of clean energy and cut air pollution, the 21st Century Business Herald newspaper reported on Friday.
sharenet | November 4, 2011 | 3:08 am

China Coal-Buyers cautious even as port stocks drop

By SHANGHAI, Sept 30 (Reuters) - China's thermal coal prices climbed for a third week, breaking through 830 yuan a tonne, as stocks at the largest port tumbled by over 16 percent. Inventories were shaved by rail maintenance and the closure of some
sharenet | October 1, 2011 | 4:41 am