Base Metal Stock Articles

Copper falls to one-month low on demand concerns

April 10, 2012 9:09 AM / Reuters

By Veronica Brown and Melanie BurtonLONDON - Copper fell to its lowest in a month on Tuesday after disappointing U.S. employment data on Friday raised concerns about slowing growth, while a slight fall in China's copper imports did little to shore up sentiment.Losses were limited, however, by the view that China's economic slowdown was not drastic, with off-take for copper seen kicking in towards...Read More

Copper falls to one-month low on demand concerns

April 10, 2012 9:09 AM / Reuters

By Veronica Brown and Melanie BurtonLONDON - Copper fell to its lowest in a month on Tuesday after disappointing U.S. employment data on Friday raised concerns about slowing growth, while a slight fall in China's copper imports did little to shore up sentiment.Losses were limited, however, by the view that China's economic slowdown was not drastic, with off-take for copper seen kicking in towards...Read More

Mining stocks hovering near levels not seen since QE2

April 10, 2012 8:37 AM / John Shmuel

While global markets have not been kind to stocks in recent days, it's mining stocks that have taken the biggest beating - and are now at levels not seen since mid-2010."Energy, base metals and gold stocks remain more than 20% off their cyclical peaks of a year ago," said Stefane Marion, chief economist and strategist with National Bank.Mining stocks have not been this low since mid-2010, just bef...Read More

Mining stocks hovering near levels not seen since QE2

April 10, 2012 8:37 AM / John Shmuel

While global markets have not been kind to stocks in recent days, it's mining stocks that have taken the biggest beating - and are now at levels not seen since mid-2010."Energy, base metals and gold stocks remain more than 20% off their cyclical peaks of a year ago," said Stefane Marion, chief economist and strategist with National Bank.Mining stocks have not been this low since mid-2010, just bef...Read More

Copper on track for big gain this quarter

March 29, 2012 10:24 AM / Reuters

By Silvia AntonioliLONDON - Copper was steady on Thursday, after a 2 percent fall the previous session, and was on track for a 10 percent increase this quarter, although doubts over demand in China and over the pace of economic recovery in the U.S. made investors cautious.Benchmark copper on the London Metal Exchange (LME) traded at $8,330 a tonne in official rings, little changed from a close of...Read More

Copper on track for big gain this quarter

March 29, 2012 10:24 AM / Reuters

By Silvia AntonioliLONDON - Copper was steady on Thursday, after a 2 percent fall the previous session, and was on track for a 10 percent increase this quarter, although doubts over demand in China and over the pace of economic recovery in the U.S. made investors cautious.Benchmark copper on the London Metal Exchange (LME) traded at $8,330 a tonne in official rings, little changed from a close of...Read More

PDAC 2012: Economic outlook brings optimism to mining sector

March 2, 2012 12:20 PM / Reuters

Detour Gold last month sold C$277 million of equity to investors willing to bet on its promising gold project - a hefty sum that bankers say the Canadian company would have struggled to raise barely two months earlier.Detour's success in raising funds is one of many small signs that the malaise that gripped miners, explorers and investors in late 2011 is easing. A brighter economic outlook has bro...Read More

PDAC 2012: Economic outlook brings optimism to mining sector

March 2, 2012 12:20 PM / Reuters

Detour Gold last month sold C$277 million of equity to investors willing to bet on its promising gold project - a hefty sum that bankers say the Canadian company would have struggled to raise barely two months earlier.Detour's success in raising funds is one of many small signs that the malaise that gripped miners, explorers and investors in late 2011 is easing. A brighter economic outlook has bro...Read More

A taste for the market - Levon publishes a Mexico silver-gold-base metals project PEA

February 23, 2012 11:08 AM / Resource Clips

By Ted NilesLevon Resources' (TSX:LVN) preliminary economic estimate of its Cordero project was originally intended for internal use only. President and CEO Ron Tremblay admits that normal procedure is to drill off the resource before working on the economics, but Cordero is unusually large. He explains, "We've just started our Phase 4, 130,000-metre drill program, so there's an awful lot more dri...Read More

A taste for the market - Levon publishes a Mexico silver-gold-base metals project PEA

February 23, 2012 11:08 AM / Resource Clips

By Ted NilesLevon Resources' (TSX:LVN) preliminary economic estimate of its Cordero project was originally intended for internal use only. President and CEO Ron Tremblay admits that normal procedure is to drill off the resource before working on the economics, but Cordero is unusually large. He explains, "We've just started our Phase 4, 130,000-metre drill program, so there's an awful lot more dri...Read More

A taste for the market - Levon publishes a Mexico silver-gold-base metals project PEA

February 23, 2012 11:08 AM / Resource Clips

By Ted NilesLevon Resources' (TSX:LVN) preliminary economic estimate of its Cordero project was originally intended for internal use only. President and CEO Ron Tremblay admits that normal procedure is to drill off the resource before working on the economics, but Cordero is unusually large. He explains, "We've just started our Phase 4, 130,000-metre drill program, so there's an awful lot more dri...Read More

Copper prices steady after opposing data from Germany, China

February 14, 2012 9:22 AM / Reuters

By Susan ThomasLONDON - Copper was steady on Tuesday after the euro trimmed gains against the dollar on waning enthusiasm over a survey showing Germany, Europe's largest economy, was holding up despite the debt crisis, but gains were limited by scant signs of buying from top metals consumer China.Three-month copper on the London Metal Exchange was $8,430 a tonne in official rings from $8,425 at Mo...Read More

Copper prices steady after opposing data from Germany, China

February 14, 2012 9:22 AM / Reuters

By Susan ThomasLONDON - Copper was steady on Tuesday after the euro trimmed gains against the dollar on waning enthusiasm over a survey showing Germany, Europe's largest economy, was holding up despite the debt crisis, but gains were limited by scant signs of buying from top metals consumer China.Three-month copper on the London Metal Exchange was $8,430 a tonne in official rings from $8,425 at Mo...Read More

Sentiment turns positive on commodities

January 31, 2012 2:17 PM / John Morrissy

OTTAWA - Commodities entered 2012 on more positive footing after the eurozone debt crisis sent resource prices into sharp retreat in the latter half of 2011, Scotiabank said Tuesday."Sentiment has improved in early 2012," said Patricia Mohr, author of Scotiabank's Commodity Price Index, "with some investment and hedge funds shifting from short to long positions in base metals, notwithstanding bout...Read More

Sentiment turns positive on commodities

January 31, 2012 2:17 PM / John Morrissy

OTTAWA - Commodities entered 2012 on more positive footing after the eurozone debt crisis sent resource prices into sharp retreat in the latter half of 2011, Scotiabank said Tuesday."Sentiment has improved in early 2012," said Patricia Mohr, author of Scotiabank's Commodity Price Index, "with some investment and hedge funds shifting from short to long positions in base metals, notwithstanding bout...Read More

Where CIBC sees commodities in 2012 and beyond

January 26, 2012 11:19 AM / Zara McAlister

Commodity markets are looking up this year with a strong start to 2012, after prices were a mixed bag in 2011.But as the Aesop Fable shows, it takes more than a strong start to win the race, according to CIBC senior economist Peter Buchanan.While diminished risk aversion helped reduce prices for commodities and other volatile assets, Mr. Buchanan says they have better traction in 2012.Commodity ma...Read More

Where CIBC sees commodities in 2012 and beyond

January 26, 2012 11:19 AM / Zara McAlister

Commodity markets are looking up this year with a strong start to 2012, after prices were a mixed bag in 2011.But as the Aesop Fable shows, it takes more than a strong start to win the race, according to CIBC senior economist Peter Buchanan.While diminished risk aversion helped reduce prices for commodities and other volatile assets, Mr. Buchanan says they have better traction in 2012.Commodity ma...Read More

Copper slips on China slowdown fears

December 19, 2011 12:54 PM / Reuters

Copper slipped on Monday in thin trading as signs that the property market was cooling in top metals consumer China worsened the outlook for industrial metals demand and weighed on market sentiment.Three-month copper closed at $7,260 a tonne, down more than 1 percent from a close at $7,345 a tonne on Friday. Traders said business was being pared back ahead of the end of the year.Prices have shed o...Read More

Copper slips on China slowdown fears

December 19, 2011 12:54 PM / Reuters

Copper slipped on Monday in thin trading as signs that the property market was cooling in top metals consumer China worsened the outlook for industrial metals demand and weighed on market sentiment.Three-month copper closed at $7,260 a tonne, down more than 1 percent from a close at $7,345 a tonne on Friday. Traders said business was being pared back ahead of the end of the year.Prices have shed o...Read More

Timing bedevils 2012 copper benchmark

December 7, 2011 1:10 PM / Reuters

By Andy HomeSupply shortfall has defined the copper market for several years now.Many of the world's biggest copper mines are aging and ore grades have been falling accordingly.Mine capacity utilization fell steadily from over 90 percent at the start of the last decade to 80.4 percent last year, according to the International Copper Study Group (ICSG). This year has been even worse. Capacity utili...Read More

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