Analysts and strategists at UBS share their views on commoditiesQ: What is your take on recent developments in base metals?A: We were concerned over the base metals in early April, because of the potential for a global synchronised slowdown over the summer and into Q4, and because of the potential for risk capital to exit positions. We now believe that the slowdown is priced in, and we anticipate...Read More
Lundin Mining said on Wednesday that it expects to be able to update shareholders by the end of this month on discussions to sell all or part of the company, but cautioned that a deal is not a certainty.“I think we should be in a position to give a pretty good update come the end of this month and give some indication in terms of which direction we’re heading and whether a transaction...Read More
Copper fell to within a few cents of its year-to-date lows early Monday morning, hit by cooling demand concerns in China following data that showed the country’s vast manufacturing sector slow down in April.But prices managed to recover from their losses at the New York open, supported by a firmer tone on Wall Street following the confirmation that Al Qaeda leader Osama bin Laden had been ki...Read More