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BHP Says High-Cost Nickel Producers Under Pressure
Reported on bloomberg news today, BHP Billiton Ltd. said high-cost competitors are under pressure because of falling prices and slowing demand for the metal used to make stainless steel.
There may be a 22,700 metric ton nickel surplus this year, increasing to 47,400 tons next year, the Melbourne-based company said in a presentation today to [...]
China Copper Demand and Copper Prices Recover, Pan Pacific Analisyst
“We still have concern on the supply side,” Shigeru Oi, director and executive officer, raw materials department, said in an interview. “China’s demand will be strong” as environmental concerns limit output and infrastructure spending bolsters consumption, especially in quake-hit Sichuan province.
Pan Pacific Copper Co., the world’s biggest buyer of the concentrate used to make the [...]
Asian stocks close mostly up as China rebounds
Asian stocks closed mostly up Wednesday with Chinese stocks surging amid speculation Beijing will try to boost share prices following a plunge since last year.
The Chinese bourse closed 5.24 percent higher amid market talk that the authorities would step in to shore up share prices with the key Shanghai index languishing below the psychologically significant [...]
Asian Markets Close Higher; Nikkei Up 2.7%
The stock markets across the Asia-Pacific region closed higher on Monday as a stronger dollar buoyed exporters and a pullback in crude oil prices eased inflation fears. Japan’s Nikkei 225 index rose more than 2.7%, extending Friday’s 0.6% gains, while Shanghai closed in positive territory for the first time in eight days. Crude oil has [...]
Australia Stocks Expected To Open Higher
Australia’s sharemarket is expected to open higher on Monday, following Wall Street’s solid gains on Friday and higher futures prices.
The market will be looking to build on its gains from Friday, when the benchmark S&P/ASX200 index was up 48.9 points or 0.92 per cent to 5,378.1, and the broader All Ordinaries lifted 46.4 points or [...]
Mining Replaces Financial Services as Biggest Driver of M&A
condition of exploration of mine and mining business now challenges a real weight, because fluctuation the price of oil that is always experiences increase. situation makes some financial institutions and exploration company of mine must do new business and releases new policy to support activity of exploration of mine and takes care of the price [...]
Asian stocks close mixed but Japan rallies on strong growth
Asian stocks closed mixed Wednesday as Japan rallied on surprisingly strong economic growth data, but worries about inflation and a share price slump at the start of the week lingered.
Japan’s stock market rose more than one percent after official data showed the country’s economy had powered ahead at a 4.0 percent annualized pace in the [...]
Asian stocks close mixed as oil falls, but Malaysia slides
Asian stocks close mixed Thursday as lower oil prices boosted sentiment but worries about inflation lingered, with the Malaysian bourse diving 2.4 percent after a big fuel price hike.
Malaysian stocks sank following the government’s decision Wednesday to hike subsidized fuel prices by 41 percent, as high crude oil prices strain budgets across Asia.
However, the Indian [...]
Copper hits 3-month high, nickel sees record peak
Copper jumped to a three-month high on Thursday on rising demand and supply shortages, while nickel hit a new record peak and zinc surged nearly 5 percent.
Generally higher base metals prices helped boost shares of London-listed miners such as BHP Billiton, Anglo American, Xstrata and copper miner Kazakhmys, which all rose between two and five [...]
