BASE METALS

Rusal sees aluminium prices at $2,500 by end Q2

Thursday , 02 Feb 2012
Senior executive, Oleg Mukhamedshin, sees aluminium prices rising up to 10% from current values to between $2,400-$2,500 per tonne by the end of the second quarter, as output cuts take effect.

NALCO ups aluminium prices by 2,000 rupees/T

Thursday , 02 Feb 2012
The Indian firm has raised aluminium prices by 2,000 rupees per tonne across all products, the company's commercial director said Thursday.

LME copper slips on slow China demand; EU debt woes weigh

Thursday , 02 Feb 2012
The price of copper on the London Metal Exchange fell 0.38% to $8,408/t on Thursday as gains in the past month kept Chinese buyers at bay and Europe's debt crisis continued to weigh.

Chile's Antofagasta hits 2011 target

Wednesday , 01 Feb 2012
After posting a production rise of about 23% in 2011, thanks to the ramp up of its Esperanza mine, copper miner Antofagasta plans to increase production by more than 9% this year.

Norsk Hydro writedowns to hit Q4 results

Wednesday , 01 Feb 2012
On the back of worsening markets in Australia and southern Europe, the Norwegian firm plans to write down its asset values by 1.3 billion Norwegian crowns, measures that could weigh on its fourth-quarter results.

Copper emerges as star performer-Scotiabank Commodity Price Index

Wednesday , 01 Feb 2012
Scotiabank economist, Patricia Mohr, suggests the gold bull run is intact with Scotiabank's Commodity Price Index price forecast revised up to an average of $1,750 for 2012.

Vale suspends ops at all 5 Sudbury mines after 3rd fatality in 7 months

Tuesday , 31 Jan 2012
The death of miner Stephen Perry at Vale's Coleman Mine Sunday has led to the suspension of mining operations at five Vale mines in Sudbury.

China's MCC expects reduced 2011 net profits

Monday , 30 Jan 2012
The company announced Monday on the Hong Kong Stock Exchange that it expects reduced net profits of between 20% to 30% for 2011 compared with 2010.

Norilsk forecasts flat 2012 nickel, palladium output

Monday , 30 Jan 2012
The company said Monday it expects its nickel output to be flat or slightly higher this year, while palladium, platinum and copper could show a small decline.

Copper miner Capstone warns of higher costs, just misses 2011 target

Saturday , 28 Jan 2012
Flummoxed by copper recoveries and set to open a higher-strip pit in the Yukon, copper-miner Capstone Mining signalled higher production costs in 2012.

RUSAL may cut aluminium output 6% in next 18 months

Friday , 27 Jan 2012
Despite reporting last week that it had no plans to follow rival Alcoa's lead in cutting production, the Russian firm said Friday it could cut output by 6% in the next 18 months.

Thaduna's copper allure grows for Perth junior explorer

Friday , 27 Jan 2012
A third phase of drilling now underway on the Thaduna-Green Dragon permits in the north Murchison region of W. Australia has shown a growing, rich-grade copper system.

Rio Tinto may push for ownership change at Oyu Tolgoi - Ivanhoe

Friday , 27 Jan 2012
According to a U.S. filing by the Canadian miner, Rio Tinto may push for a change in ownership at the massive Mongolian copper and gold mine and also plans to replace some Ivanhoe senior managers

Dahlman Rose lowers copper, iron ore, moly price forecasts

Friday , 27 Jan 2012
Investment banker Dahlman Rose has picked Freeport-McMoRan, Rio Tinto and Cliffs Natural Resources as its top ideas for 2012.

Kazakhmys' FY output in line with targets

Thursday , 26 Jan 2012
The Kazakh miner posted output of 299,000 t of copper cathode from its own concentrate in 2011, broadly in line with its target of 300,000 t and expects a similar situation this year.

Anglo American's Q4 copper up 10%; platinum down

Thursday , 26 Jan 2012
The company saw a 10% rise in Q4 copper output, boosted by its flagship Los Bronces mine in Chile, while platinum - hit by 32 safety stoppages over the quarter - was 9% lower.

Copper climbs 2nd day as Fed signals low rates

Thursday , 26 Jan 2012
London copper climbed for a second straight day on Thursday, boosted by the promise by the U.S. Federal Reserve to keep interest rates low.

SGS Metallurgy chosen for hydromet testing of Dutwa nickel ores

Wednesday , 25 Jan 2012
African Eagle is moving ahead with metallurgical testwork on its big Dutwa nickel resource in Tanzania and has contracted SGS Metallurgy of Perth to undertake this.

Lundin outlines big Neves Corvo copper-zinc mine ore handling options

Wednesday , 25 Jan 2012
Study on future materials handling options for one of Europe's biggest underground mines has been completed and suggests two options for the 5 million t/y copper/zinc mining operation

Poland to analyse KGHM's Quadra deal

Wednesday , 25 Jan 2012
The Polish treasury ministry said on Tuesday it will thoroughly analyse copper miner KGHM's plans to buy Quadra FNX, raising the prospect that it could move to block the C$3 billion deal.

Glencore assesses Alcoa's Sardinia plant prospects

Tuesday , 24 Jan 2012
Italy's industry ministry reports that Glencore has reiterated its intention to assess the possible industrial and market prospects of Alcoa's struggling aluminium smelter in Sardinia.

San Miguel looking to invest in nickel project

Tuesday , 24 Jan 2012
A local Philippine newspaper reported Tuesday the company is currently looking to invest in a nickel mining project in southern Philippines, its first major foray into a mineral resource project.

Copper to benefit from Chinese Dragon - Holmes

Tuesday , 24 Jan 2012
Copper prices should benefit as Chinese demand is likely to grow during the year of the dragon on the back of restocking and as supply battles to catch up.

Copper unchanged after rally, thin volumes

Tuesday , 24 Jan 2012
LME copper was little changed on Tuesday after recording its biggest single-day gain in nearly two weeks in the previous session, as trading in Asia remained slow in most markets including top buyer China.

Indonesia's tin market beyond price control

Tuesday , 24 Jan 2012
A look at the world's top exporter of tin, Indonesia, in the wake of its self-imposed tin ingot export ban last year - an attempt to boost declining benchmark prices and profits.

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