Archive: Copper Investing
Baja Mining of Vancouver, Canada, recently poured the first amount of concrete at its Boleo project. This zinc, cobalt, and copper project is located in Baja, California. Baja expects to start surface mining during second quarter 2011, according to an official statement. In the construction phase, the Boleo workforce will total 2,500 and 1,000 of [...]
Peru is mineral-rich and the country ranks number one in silver production, number two in zinc, three in copper, four in lead, and six in gold. Exports of minerals represent a significant amount of the export revenue for the country. In 2009, these exports accounted for 61 percent of Peru’s export revenue. During that year, [...]
New York-based Global X Funds, an exchange traded fund (ETF) provider announced last week that it launched two new ETF products. These track the performance of both copper and silver mining companies. Investors are currently hot on these due to high demand for the industrial metals and funds providers are reacting. The first fund, Global [...]
With its multimillion dollar bid for Equinox Minerals, Barrick Gold recently decided to diversify into copper. This may reveal that it has only limited ways to grow, namely by changing production strategy or seeking expensive, large deals with intermediate and senior level producers of gold. Since Barrick is the largest bullion producer on the planet, [...]
Rex Minerals, an explorer listed on the Australian Securities Exchange, announced on Monday that it will begin prefeasibility studies for its Hillside project by the second half of the year. This flagship project for the company is located in South Australia. MD Steve Olsen reported that onground efforts will double during this year, compared to [...]
For the second day in London, copper fell based on speculation that the Federal Reserve may begin a pull-back on stimulus. This would curb the demand for metals. Federal Reserve Chairman Ben S. Bernanke will speak to reporters following a meeting on Wednesday regarding policy. A decision regarding the interest rate is expected, which recently [...]
Last week, President Rupiah Banda of Zambia began two copper mining projects by calling investors to provide more Zambians with employment. Zambia is rich with the industrial metal and despite recent local growth in the mining sector, foreign investors often overlook employing Zambians. President Banda stated that his country is on course to once again [...]
Here’s a guest post from Felicia Woodall who writes at Copper Prices Today. Many people claim they can not find work today, that there are no jobs available. If you can not find work have you ever looked into the price of copper? This may sound odd because if you have no work why would [...]
On Friday, copper futures for May gained for the fourth consecutive day, reaching a one-month high. They rose 1.9 percent to reach $4.4985 per pound. Earlier in the day, these futures hit $4.5075, a one-month record. The movement was based on anticipation of strong demand from worldwide economies. Employment looks more positive in the U.S., [...]
Copper smelters in China recently purchased approximately 60,000 metric tons of copper concentrate that was originally headed for Japan. Tongling Nonferrous Metals Group Co. obtained more concentrate than other Chinese smelters, according to an anonymous Shanghai trader. The Chinese smelter purchase increased spot treatment and refining charges (TC/RCs) to approximately $120 per ton, according to [...]
