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Copper Advances as U.S. Retail Sales Indicate Economic Rebound
Copper climbed in New York and London, ending a four-day losing streak, after stronger-than- expected U.S. retail sales added to signals of an economic rebound.
Teck to increase copper output 72 percent by 2010 if Aur Resources take-over goes ahead
Toronto-based copper mine Aur Resources (TSX: AUR) had not even contemplated putting the company up for sale when Vancouver-based Teck Cominco (TSX, NYSE: TCK) made a cash-and-share offer of Cdn$41/sh (US$38.69/sh).
In fact, Aur’s shareholders didn’t even want an all-cash bid although Teck has plenty of money in the till. They preferred a tax-free rollover.
The chance [...]
Copper Rises to 5-Month High, Nickel Gains on Stockpile Decline
Copper rose to a five-month high and nickel advanced the most in almost three weeks in London on speculation falling stockpiles won’t meet demand from China, the world’s biggest user of both metals. Lead traded near a record.
China’s demand for copper may increase as much as 10 percent this year, Charlie Sartain, chief executive for [...]
Tires big pain in mining world
Makers, including Goodyear, can’t keep up. Shortage boosts prices.
For those digging and hauling their way through the commodity boom, “naked” and “barefoot” are anything but sexy.
The terms refer to monster trucks without tires — a painful sight to companies scrambling to keep pace with soaring demand in the energy, mining and construction industries.
For small-time miners, [...]
