MARKET ROUNDUP Industrial metals extended losses into a fifth day on Thursday, setting itself up for its biggest weekly loss in seven weeks, as demand prospects dimmed from the deepening debt crisis in Europe. IN FOCUS - KME Group, one of the world’s major makers of semi-finished copper and…
MARKET ROUNDUP Industrial metals pushed back into positive territory late on Tuesday, tracking a recovery in the euro versus the dollar, after Italy’s president said embattled Prime Minister Silvio Berlusconi will resign after the approval of new budget. IN FOCUS - Copper premiums in Europe may slip further as…
MARKET ROUNDUP Industrial metals lost ground for a second straight day on Monday, as political and economic turmoil in Italy triggered newfound fears the euro zone debt crisis could now threaten the region’s third largest economy. IN FOCUS - LME copper stockpiles are likely to extend a steady decline…
MARKET ROUNDUP Industrial metals slipped on Tuesday after Greece said it was holding a referendum on the latest euro zone bailout plan, and an unexpected slowdown in Chinese factory activity also added to the global economic gloom. IN FOCUS - China’s refined copper consumption for the first nine months…
MARKET ROUNDUP Industrial metals wrapped up its biggest weekly rally in over 30 years on a quiet note on Friday, with traders putting a 14-percent rally on pause to see whether macro pressures will reemerge in the coming week. IN FOCUS - Output from the world’s largest copper mine,…
MARKET ROUNDUP Industrial metals rose more than 5 percent a tonne on Friday as investors welcomed a longawaited deal agreed by European leaders to contain the debt crisis which pushed the euro up against the dollar. IN FOCUS - Japan’s output of rolled copper products fell to 70,092 tonnes…
MARKET ROUNDUP Industrial metals rose on Friday after its largest one-day collapse in four weeks in the previous session, while investors kept an eye on a weekend meeting of European leaders for signs of progress in resolving the region’s debt crisis. IN FOCUS - Canadian copper and molybdenum producer…
MARKET ROUNDUP Industrial metals tumbled nearly 7 percent on Thursday, the biggest one-day collapse in four weeks, on fears of a double-dip recession and growing doubts that Europe will get a handle on its debt crisis. IN FOCUS - Miner Anglo American posted a 9 percent drop in third-quarter…
MARKET ROUNDUP Industrial metals fell for a third day on Wednesday, adding to overnight losses on concern that the euro-zone debt crisis may drag on after Moody’s Investors Service cut Spain’s sovereign ratings. IN FOCUS - Japanese copper wire and cable shipments fell 1.6 percent from a year earlier…
MARKET ROUNDUP Industrial metals rallied to its priciest level in more than two weeks on Friday, after Chinese economic data suggested Beijing’s year-long fight against high inflation may be gaining the upper hand. IN FOCUS Canadian miner Quadra FNX said on Friday its 2011 copper output will come in…
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