News

Copper falls 1.09% as stocks keep rising

Bnamericas Published: Wednesday, May 06, 2009
The price of copper fell 1.09% to US$2.082/lb cash on the London Metal Exchange from the previous day as stocks rose by 7,225t to 402,150t. Looking forward, Barclays Capital said in its daily commodities report that it has reason to believe the price will not decline severely in the near future with the scarcity of scrap and output obstacles such as declining grades and operational problems still occurring. "One of the most compelling aspects of the copper market dynamics in 2009 has been the tightness in the scrap market," the report said. Meanwhile, aluminum rose to US$0.676/lb cash on the LME from US$0.671/lb the day before. Zinc rose to US$0.690/lb cash from US$0.681/lb. Nickel rebounded on Wednesday to finish at US$5.445/lb cash, versus US$5.398/lb the day before. Tin increased to US$6.078/lb cash from US$5.783/lb, while lead was down to US$0.639/lb cash from US$0.647/lb.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects in: Mining & Metals

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Bayóvar 12
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Altazor
  • Current stage: Blurred
  • Updated: 2 weeks ago
  • Project: Cuiú Cuiú
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Cóndor
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Cordero
  • Current stage: Blurred
  • Updated: 2 weeks ago
  • Project: Puerto Rico
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Minerva
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Monclova
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: La Purisima
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: San Javier
  • Current stage: Blurred
  • Updated: 3 weeks ago

Other companies in: Mining & Metals

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Aura Minerals Inc.  (Aura Minerals)
  • Aura Minerals is a Canadian mining company focused on the acquisition, exploration, development and operation of gold and base metal projects in the Americas. The company's port...
  • Company: Chesapeake Gold Corp.  (Chesapeake Gold)
  • Chesapeake Gold Corp. is an open-capital mining company whose controlling shareholder is the Canadian investment fund Sun Valley Gold LLC, a specialist in precious metals. It wa...
  • Company: Marubeni Corp.  (Marubeni)
  • Marubeni Corp. is a Japanese conglomerate engaged in trading products and providing services in a broad range of sectors, including energy, chemicals, metals and mineral resourc...
  • Company: B2Gold Corp.  (B2Gold)
  • B2Gold Corporation is a Canadian gold producer, incorporated in 2007 for exploration, development and operation of deposits in Latin America and the rest of the world. Its contr...