Base Metal Stock Articles

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

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

Copper posts first gain in 5 weeks

December 2, 2011 3:34 PM / Reuters

Copper posted its first weekly gain in five weeks on Friday as it pushed near $8,000 per tonne on the back of persistent inventory tightness and a move this week by central banks to boost liquidity.With the exception of tin futures, which lost nearly 4 percent this week, investment demand for the base metals was up sharply. One standout performer was aluminium, which surged nearly 7 percent after...Read More

Copper posts first gain in 5 weeks

December 2, 2011 3:34 PM / Reuters

Copper posted its first weekly gain in five weeks on Friday as it pushed near $8,000 per tonne on the back of persistent inventory tightness and a move this week by central banks to boost liquidity.With the exception of tin futures, which lost nearly 4 percent this week, investment demand for the base metals was up sharply. One standout performer was aluminium, which surged nearly 7 percent after...Read More

Metals and mining sector about to take off

November 7, 2011 1:37 PM / Don and Jon Vialoux

The period of seasonal strength in the metals and mining sector is approaching. What are prospects this year?Thackray's 2012 Investor's Guide notes that the metals and mining sector has two periods of seasonal strength: From November 19th to January 5th and from January 23rd to May 5th. The combined periods have recorded an average return per period during the past 22 periods of 16.1%. The trade h...Read More

Metals and mining sector about to take off

November 7, 2011 1:37 PM / Don and Jon Vialoux

The period of seasonal strength in the metals and mining sector is approaching. What are prospects this year?Thackray's 2012 Investor's Guide notes that the metals and mining sector has two periods of seasonal strength: From November 19th to January 5th and from January 23rd to May 5th. The combined periods have recorded an average return per period during the past 22 periods of 16.1%. The trade h...Read More

Expect dividend hike from Barrick

October 26, 2011 8:25 AM / Jonathan Ratner

Investors can expect a dividend increase of approximately 20% when Barrick Gold Corp. reports third quarter results before markets open on Thursday, October 27.That's the forecast from Stephen D. Walker, analyst at RBC Capital Markets, who noted that Barrick last hiked its dividend in July 2010. He also pointed out that the company's payout ratio is 10% of 2011 estimated earnings, compared to Nort...Read More

Expect dividend hike from Barrick

October 26, 2011 8:25 AM / Jonathan Ratner

Investors can expect a dividend increase of approximately 20% when Barrick Gold Corp. reports third quarter results before markets open on Thursday, October 27.That's the forecast from Stephen D. Walker, analyst at RBC Capital Markets, who noted that Barrick last hiked its dividend in July 2010. He also pointed out that the company's payout ratio is 10% of 2011 estimated earnings, compared to Nort...Read More

Expect dividend hike from Barrick

October 26, 2011 8:25 AM / Jonathan Ratner

Investors can expect a dividend increase of approximately 20% when Barrick Gold Corp. reports third quarter results before markets open on Thursday, October 27.That's the forecast from Stephen D. Walker, analyst at RBC Capital Markets, who noted that Barrick last hiked its dividend in July 2010. He also pointed out that the company's payout ratio is 10% of 2011 estimated earnings, compared to Nort...Read More

Base metals extend rally

October 24, 2011 10:01 AM / Bloomberg News

Industrial metals rose for a second day in London, extending the biggest rally in two years, as figures showed manufacturing may swell in top global consumer China. Chinese manufacturing might expand in October for the first month in four after a preliminary purchasing managers' index released by HSBC Holdings Plc and Markit Economics today climbed to 51.1 from September's final reading of 49.9. M...Read More

Base metals extend rally

October 24, 2011 10:01 AM / Bloomberg News

Industrial metals rose for a second day in London, extending the biggest rally in two years, as figures showed manufacturing may swell in top global consumer China. Chinese manufacturing might expand in October for the first month in four after a preliminary purchasing managers' index released by HSBC Holdings Plc and Markit Economics today climbed to 51.1 from September's final reading of 49.9. M...Read More

Base metal miners sink, gold miners rise

August 8, 2011 11:29 AM / Reuters

Shares of North American base metal miners tumbled on Monday along with the price of copper, zinc, and nickel after the downgrade of the U.S. credit rating by S&P amplified fears of a global economic slowdown.Shares of U.S. miner Freeport McMoRan and Canada's First Quantum and Teck Resources, among others, fell sharply in New York and Toronto.Copper, used in the power and construction industries,...Read More

Base metal miners sink, gold miners rise

August 8, 2011 11:29 AM / Reuters

Shares of North American base metal miners tumbled on Monday along with the price of copper, zinc, and nickel after the downgrade of the U.S. credit rating by S&P amplified fears of a global economic slowdown.Shares of U.S. miner Freeport McMoRan and Canada's First Quantum and Teck Resources, among others, fell sharply in New York and Toronto.Copper, used in the power and construction industries,...Read More

Quadra jumps as copper output climbs

July 25, 2011 11:08 AM / Reuters

Shares of Quadra FNX rose more than 7 percent on Monday morning after the Canadian base metal miner reported a large increase in quarterly copper production.Vancouver-based Quadra said its second-quarter production rose 20 percent from the previous quarter at its mines in the United States, Canada and Chile.The company, which is expected to report quarterly financial results on Aug. 10, said coppe...Read More

Quadra jumps as copper output climbs

July 25, 2011 11:08 AM / Reuters

Shares of Quadra FNX rose more than 7 percent on Monday morning after the Canadian base metal miner reported a large increase in quarterly copper production.Vancouver-based Quadra said its second-quarter production rose 20 percent from the previous quarter at its mines in the United States, Canada and Chile.The company, which is expected to report quarterly financial results on Aug. 10, said coppe...Read More

Copper falls on Chinese demand, debt crises

July 18, 2011 10:50 AM / Reuters

Copper fell on Monday as risk aversion swept through the markets due to the worsening euro zone debt crisis and the threat of a U.S. default, while the fight against inflation in top metals consumer China looked set to intensify.Benchmark copper on the London Metal Exchange was down 0.3 percent at $9,644 a tonne at 1427 GMT from $9,672 at the close on Friday.The metal used in power and constructio...Read More

Copper falls on Chinese demand, debt crises

July 18, 2011 10:50 AM / Reuters

Copper fell on Monday as risk aversion swept through the markets due to the worsening euro zone debt crisis and the threat of a U.S. default, while the fight against inflation in top metals consumer China looked set to intensify.Benchmark copper on the London Metal Exchange was down 0.3 percent at $9,644 a tonne at 1427 GMT from $9,672 at the close on Friday.The metal used in power and constructio...Read More

The approaching divergence for base metals

July 5, 2011 1:02 PM / Reuters

By Andy HomeAssuming, like the investment bank community, you are still keeping the faith with the overall bull narrative, the coming period will be all about divergence between both commodities in general and the LME metals in particular.Or as researchers at Barclays Capital put it in the company's most recent weekly research report, "the supply side is shaping a more diverse fundamental picture...Read More

The approaching divergence for base metals

July 5, 2011 1:02 PM / Reuters

By Andy HomeAssuming, like the investment bank community, you are still keeping the faith with the overall bull narrative, the coming period will be all about divergence between both commodities in general and the LME metals in particular.Or as researchers at Barclays Capital put it in the company's most recent weekly research report, "the supply side is shaping a more diverse fundamental picture...Read More

Copper logs small gains on euro, China demand

May 17, 2011 8:36 AM / Reuters

Copper inched higher on Tuesday as the euro steadied against the dollar ahead of a series of U.S. economic reports, while signals that Chinese consumers are buying provided a floor for prices.Benchmark copper on the London Metal Exchange traded at $8,880.50 a tonne in official rings, up from $8,840 at Monday's close.The metal used in power and construction hit its lowest in more than five months a...Read More

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