Skip to main content

Home/ Copper end use trends/ Group items tagged stock

Rss Feed Group items tagged

xxx xxx

Putin's attack on Mechel metal company rattles investors, sends Russian stocks down - I... - 0 views

  • Investors piled out of Russian stocks Friday after the abrupt departure from the country of a foreign oil boss and the prime minister's unexpected severe criticism of a large steel firm. MICEX, the exchange where the bulk of trading in Russian stocks takes place, plunged by 4.8 percent as of 12:20 p.m. Russian time, while the RTS, a top stock index, lost 4.4 percent to drop beneath the critical 2000-point barrier for the first time since March. After Prime Minister Vladimir Putin's scathing attack on Mechel late Thursday, heavy trading in New York sent the steel and coal maker's stock down by nearly 40 percent, losses mirrored Friday morning in Russian trading.
  •  
    Investors piled out of Russian stocks Friday after the abrupt departure from the country of a foreign oil boss and the prime minister's unexpected severe criticism of a large steel firm. MICEX, the exchange where the bulk of trading in Russian stocks takes place, plunged by 4.8 percent as of 12:20 p.m. Russian time, while the RTS, a top stock index, lost 4.4 percent to drop beneath the critical 2000-point barrier for the first time since March. After Prime Minister Vladimir Putin's scathing attack on Mechel late Thursday, heavy trading in New York sent the steel and coal maker's stock down by nearly 40 percent, losses mirrored Friday morning in Russian trading. The premier criticized the company, which is the largest supplier of coal for steelmakers in Russia, for charging much higher prices for raw materials domestically than it does for its exports, and called for an antitrust investigation into its activities.
xxx xxx

Emerging Energy News: PetroVietnam sets up biofuel arm - 0 views

  •  
    HO CHI MINH: PetroVietnam is setting up a new company to manage its biofuel production and distribution, according to local media reports. The new company, PetroVietnam Biofuel Joint Stock Co. will have an initial capital of about US$2.7 million. PetroVietnam General Services Joint Stock Corp. (Petrosetco) will hold 51 per cent of the company. PetroVietnam Oil Corp. will hold 29 per cent, Binh Son Refining and Petrochemical Co. Ltd., 15 per cent, and PetroVietnam Finance Joint Stock Corp. (PVFC), five per cent. The new company will produce ethanol from cassava. The output will be blended with gasoline sold at the local petrol pumps to help reduce the country's fossil fuel dependence.
xxx xxx

Australia's Minara put off expansion due to costs | Industries | Industrials, Materials... - 0 views

  •  
    LONDON, Aug 7 (Reuters) - Australia's Minara Resources Ltd (MRE.AX: Quote, Profile, Research, Stock Buzz) said on Thursday it had to defer its Australian $300 million ($273.5 million) nickel expansion plan due to high costs and reported an 80 percent drop in profits for the first half year. Minara, Australia's second-largest nickel miner after BHP Billiton Ltd/Plc (BHP.AX: Quote, Profile, Research, Stock Buzz)(BLT.L: Quote, Profile, Research, Stock Buzz), posted a net profit after tax for the half year to 30 June 2008 of $50.9 Australian million, down from $245.9 Australian million in the same period in 2007.
Colin Bennett

Southern Copper Corp: 2010 Copper Output Seen 500,000 Tons - 0 views

  • Southern Copper Corp. ( PCU | Quote | Chart | News | PowerRating) expects to produce about 500,000 metric tons of copper in 2010, following mined output of about 483,376 tons in 2009, a high-level official said. Speaking on a conference call on Tuesday, chief financial officer Genaro Guerrero said the forecast doesn't include any production from the Cananea mine in Mexico, which has been closed due to a labor dispute.
xxx xxx

Aluminum hits all-time record highs despite weak demand - 0 views

  •  
    Aluminum may have been responding to two different events in the week ending July 11 when it hit a succession of all-time price highs , but the market remains divided over the medium-term direction, given that world fundamentals point to weak demand and rising stock levels. \n\nFundamentally, however, analysts and market players were mixed in their impressions of whether the price could be sustained, especially as word emerged from China that the cuts may not be a certainty. \n\nAluminum finished floor trade for the week at $3,318/mt, up $150 from the July 4 closing price of $3,168. Fundamentally, however, analysts and market players were mixed in their impressions of whether the price could be sustained, especially as word emerged from China that the cuts may not be a certainty. \n\nPointed out a US broker, "When you hear producers [in China] are shutting production because demand is weak, that's normally bearish," yet the market saw "insane" price moves. "I hear metal just continues to pour into warehouses, and not all of it reported, obviously, [since] otherwise you'd see it in the stock numbers. A lot is going off warrant," he pointed out. \n\n\n
xxx xxx

Kulicke & Soffa Announces Agreements to Acquire Orthodyne Electronics and Divest its Wi... - 0 views

  •  
    Kulicke & Soffa Industries Inc (K&S) has announced that the company has entered into definitive agreements to acquire substantially all of the assets of Orthodyne Electronics Corporation, a supplier of wedge bonders, and sell the K&S wire business unit to WC Heraeus GmbH, a precious metals and technology group. Under the terms of the Orthodyne agreement, K&S will fund the acquisition of Orthodyne with approximately 7.1 million shares of K&S common stock, plus $80 million in cash. If the transaction is not consummated by October 31, 2008, the purchase price will be approximately 19.6 million shares of K&S common stock and no cash. The deal includes possible earn-out consideration up to an additional $40 million in cash if certain financial objectives are met by Orthodyne over the next three years. The closing of the transaction, which is expected within approximately 60 days, is subject to certain working capital adjustments and closing conditions, including regulatory approvals. "The acquisition of Orthodyne is in line with our stated strategy and positions K&S to capitalize on our strengths in equipment manufacturing and further cement our position as the leading supplier of interconnect solutions," commented Scott Kulicke, Chairman and Chief Executive Officer of K&S. "Orthodyne is a fast growing, profitable market leader and provides us with deeper penetration into the discrete side of the semiconductor market, particularly in the attractive power management and hybrid module markets."
Steven O'Sullivan

U.K. Stocks Climb to Two-Month High; Mining Shares Rally - 0 views

  •  
    U.K. stocks climbed, extending a two-month high, as banks and commodity producers rallied. Kazakhmys jumped 5.8 percent to 540.5 pence. Separately, copper futures advanced...
Steven O'Sullivan

U.K. Stocks Climb, Led by Banks, Mining Companies - 0 views

  •  
    U.K. stocks advanced, led by banks and mining companies. Kazakhmys, Kazakhstan's largest copper producer, rose 3.4 percent to 499 pence. Vedanta, the biggest copper producer in India, gained 3.4 percent to 964 pence. Xstrata Plc, the world's fourth-largest producer of the metal, jumped 3.3 percent to 582 pence.
Susanna Keung

Luvata expects mid-2010 pick up in copper demand - 0 views

  •  
    Luvata, a copper semis fabricator, believes that even though destocking in the copper supply chain is over, a significant rise in demand is not anticipated until mid-2010. The company expects that Asia will be the first region to recover, followed by North America and Europe. As a result of destocking, Luvata has got used to operating at a lower level of stock, and therefore became more efficient in its production procedures. The company intends to keep operating at lower stock levels even in periods of growth. While demand before the summer showed some recovery signs, the company is now waiting for the autumn to see whether the positive trend will continue.
Hans De Keulenaer

Business Spectator - Rising stocks, demand worries weigh on aluminium - 0 views

  • Aluminium prices have fallen as the market worried about rising stocks and soft demand from auto makers, while fears of slowing demand from China pushed copper lower.
Hans De Keulenaer

Ten Alternative Energy Speculations for 2008: Batteries, CHP, and Transmission | Altern... - 0 views

  •  
    This article is a continuation of my Ten Alternative Energy Speculations for 2008, with picks #8, 9, and10 published last Thursday. If you haven't already, please read the introduction of that article before buying any of the stock picks that follow. These companies are likely to be highly volatile, and large positions are not appropriate for many investors. My least risky picks (#8,9, and #10) are part of that same article; my most speculative plays (#1-3) will follow in a few days.
Colin Bennett

Metal Stocks Will Soar in Second Half: Rio Tinto CEO - video - 0 views

  •  
    According to Tom Albanese, CEO of Rio Tinto, metal stocks will see a boost in the second half of 2009. "We're beginning to see some of the infrastructure-driven stimulus plan in China and in the U.S. playing into steel, aluminum, copper demand and other materials that [Rio Tinto [RTP 134.06 1.06 (+0.8%) ]] would produce," Albanese told CNBC.
Colin Bennett

24th International Aluminium Conference 2009 - "stocks have risen to the sort of levels... - 0 views

  •  
    While some of the tell-tale signs were there by mid-2008, few would have predicted the precipitous decline in aluminium market fortunes of the past few months. Prices have slumped and stocks have risen to the sort of levels not seen since the mid-1990s. While it appears the market may have bottomed, 2009 is certainly going to be a year of contemplation and constraint as producer cutbacks - enforced or voluntary - eat into inventories and consumer confidence starts to return - most analysts agree, later in the year.
Colin Bennett

2012 demand in China - Luvata - 0 views

  • Luvata has seen a contraction in demand for copper products in China so far in 2012, senior vp and chief procurement officer Bob Kickham told Metal Bulletin on Monday October 8. “We planned for growth but we saw some contraction, and it’s the first year in as many as I can remember where that’s happened,” he said. The outright contraction in sales volumes runs counter to prevailing analysis indicating that China’s end-use demand grew in 2012, albeit at a slower pace than in previous years. China’s apparent usage – not taking into account unreported changes in inventories held by consumers, producers, traders or the State Reserve Bureau – grew by 27% in the six months to July, driven by an 80% increase in net imports, according to the International Copper Study Group (ICSG). But as the ICSG pointed out, anecdotal evidence suggests that bonded stocks in Chinese warehouses have surged during the same period as demand has failed to keep pace with the stronger imports.“I wouldn’t be surprised at all to see that warehouse stocks in China are at the 650,000-700,000-tonne...
Matthew Wonnacott

Lower reported utilisation at Chinese wirerod producers in October - 0 views

  •  
    A Shanghai Metals Market survey of Chinese wirerod producers showed that operating rates at 21 domestic producers, with capacity of 3.5Mt/y, fell to 69.02% in October, a decrease of 2.33% m-o-m, and 14.4% y-o-y. The report cited the extended October national day holiday and maintenance at one large domestic wirerod producer as reasons for the decline. The release also showed that wirerod producers held lower raw materials stocks in October at 16.02% of production, down from 17.21% of production in September. Finally producers' inventories of finished goods increased to 15.80% of production in October from 5.58% of production in September as the above-mentioned large wirerod producer increased stocks prior to its maintenance shutdown.
Matthew Wonnacott

CRU: Consumption to grow by an average of 4.4% a year in 2012-2017 - 0 views

  •  
    According to CRU's Copper Group Manager Vanessa Davidson, annual copper consumption growth will average 4.4% y-o-y during the period 2012-2017 driven by strong consumption in China and the rest of Asia. The Group Manager said she does not see the rising stocks on the LME as being as bearish as it seems, saying it is the result of stocks being transferred into visible locations. The speech was part of the annual CESCO/CRU World Copper Conference held in Santiago, Chile.
Colin Bennett

Fisheries and aquaculture - enabling a vital sector to contribute more - 0 views

  • The State of World Fisheries and Aquaculture 2012 reveals that the sector produced a record 128 million tonnes of fish for human food - an average of 18.4 kg per person - providing more than 4.3 billion people with about 15 percent of their animal protein intake. Fisheries and aquaculture are also a source of income for 55 million people."Fisheries and aquaculture play a vital role in the global, national and rural economy," said FAO Director-General José Graziano da Silva. "The livelihoods of 12 percent of the world's population depend directly or indirectly on them. Fisheries and aquaculture give an important contribution to food security and nutrition. They are the primary source of protein for 17 percent of the world's population and nearly a quarter in low-income food-deficit countries."Árni M. Mathiesen, head of FAO's Fisheries and Aquaculture Department, said: "Fisheries and aquaculture are making a vital contribution to global food security and economic growth. However, the sector faces an array of problems, including poor governance, weak fisheries management regimes, conflicts over the use of natural resources, the persistent use of poor fishery and aquaculture practices. And it is further undermined by a failure to incorporate the priorities and rights of small-scale fishing communities and the injustices relating to gender discrimination and child labour."Boosting governanceFAO is urging governments to make every effort to ensure sustainable fisheries around the world. The report notes that many of the marine fish stocks monitored by FAO remain under great pressure.
Colin Bennett

Copper cathode tight on low stocks, lack of scrap - 0 views

  • He said there has been a reorientation of China’s economy over the past year towards internal consumption, but added that infrastructure investment in China remains a major part
1 - 20 of 116 Next › Last »
Showing 20 items per page