· China's state reserves agency auctioned aluminium, copper and zinc this week in a bid to cool surging raw material prices, with most of the metals bought up in two days.
Copper for delivery in July fell by as much as % from Monday's settlement price touching a low of per pound (9,515 per tonne) Tuesday afternoon on the Comex market in New York.
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· China Metallurgical Group Corporation and Jiangxi Copper Company Limited reached a billion deal for a 30year lease on a highgrade copper ore deposit at Mes Aynak in May 2008. The consortium later called itself MCCJCL Aynak Minerals (MJAM). The work eventually ceased as security concerns regarding the Taliban were of concern. Beijing had been negotiating and debating the .
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· China's state reserves agency auctioned aluminium, copper and zinc this week in a bid to cool surging raw material prices, with most of the metals bought up in two days.
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· Citi estimates China's state reserves currently stand at 2 million tonnes for copper, 800,000 tonnes for aluminium and 350,000 tonnes for zinc, based on past purchase and sales records.
The benchmark threemonth copper forward contract on the London Metal Exchange reversed earlier gains following China's announcement, falling % to 9,555 a metric ton on Wednesday after ...
· Copper prices have come under pressure as weak economic data in China and the United States drags on the industrial metal. Meanwhile, natural gas prices may rise on higher mercury readings in .
· China Moly acquired a controlling stake in Tenke Fungurume, one of the world's largest coppercobalt deposits, in 2016 for billion from US miner FreeportMcMoRan (NYSE: FCX). In .
· China will release more metals stockpiles in an effort to control soaring commodities prices. Ethan Wu. Jul. 7, 2021, 10:27 AM. An employee produces copper wires at Nanjing Gree Electric ...