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Mining Exploration Result Demand Slowdown, Nickel, Zinc, Copper Fall as Slumping Demand Boosts Inventories
Nickel, zinc and copper fell as a global economic slowdown weakened demand for industrial metals used in manufacturing and construction.
Tension in Bolivia, Africa to lift metals
Copper prices were buoyed on Friday by the prospect of a strike at a Peruvian mine, while Bolivia’s leftist president Evo Morales has put a shudder through the mining industry by nationalising Glencore’s tin, zinc and lead operations there.
The trend for governments to take advantage of the windfall profits being generated by miners is continuing, [...]
etals – Nickel, tin surpass yesterday’s all time highs to set new records
LME nickel for three-month delivery was at 38,150 usd a tonne, after earlier hitting a record high of 38,500 usd. Tin was at 12,400 usd a tonne, off an all time high of 12,500 usd, which it hit earlier today.
Both metals hit record highs yesterday, although nickel has been soaring to new records for the [...]
Nickel hits new record high, lead up 6.1 pct
Nickel prices soared to a new record high on Monday on buying by investors who expect prices to rise due to low stocks and supply shortages, analysts said.
Lead was up on strong demand and aluminium held firm on supply worries, while copper slipped on a rise in stocks.
Nickel for delivery in three months on the [...]
