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Tin: healthy stocks and weak demand limit price rise
Rising tin stocks, weak demand, and the risk of bullish position selling by speculators will likely limit further upward movement in tin prices following the mining ban in Myanmar, the world's third-largest tin mining nation. Tin is the best-performing metal on the...
Copper: imports into China in July fall due to slowing demand and high prices
China's copper imports fell 2.7 per cent in July from a year earlier, according to customs data on Tuesday, due to weak demand from the sluggish economy and high global prices. Imports of raw copper and copper products totalled 451,159 metric tonnes in July, according...
Aurubis optimistic about full-year profit due to 20 percent increase in quarterly earnings
Aurubis AG, Europe's largest copper producer, reiterated its forecast for a strong underlying profit for the current fiscal year after quarterly profits rose 20 percent. Aurubis reiterated its forecast of an operating profit before tax (EBT) of 450 million-550 million...
New mining permits boost Peru’s coffers
Following the approval of several mining permits that had been pending, in some cases for years, Peru's coffers have received $600 K. According to a release from EESI (Specialized Investment Monitoring Team), an agency of the Ministry of Economy and Finance, Teck...