Copper

TC Malhotra contributes to MetalMiner from New Delhi. In an attempt to reduce India’s dependence on imported copper concentrate, Hindustan Copper Limited (HCL) got the government’s nod to develop a 5 million metric ton per year underground copper mine at Malanjkhand Copper Project in the central Indian state of Madhya Pradesh. According to a report [...]

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The European debt crisis has rather overshadowed the usual preoccupation of metals analysts, commentators and investors – China – of late, so a couple of broadly related articles in Thomson Reuters makes interesting reading. It is clear metal prices will not escape the effects of the Euro debt crisis, which seems to lurch between relief [...]

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A headline and opening paragraphs in an FT article this week suggest copper is set to re-test 2011 highs above $10,000 per ton as stocks flow out of LME warehouses. Following the outflow of 120,000 tons of metal since October, this week has seen requests for a further 67,000 tons to be withdrawn, which if [...]

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MetalMiner welcomes back guest contributor Spencer O. Johnson, who has worked at INTL-FCStone as the primary risk management associate for steel since December 2009. Johnson co-authored this post with his partner on LME swaps, Dr. Mo Ahmadzadeh, who has over 30 years of LME trading experience. (This post is continued from Part One.) Average priced [...]

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Source: biblicalgallery.com Copper — or Dr. Copper, as the PhD/MD/JD-wielding base metal insists on being known when introduced at cocktail parties — always keeps things interesting, even though we gain a small percentage of copper buyers as readers (prove us wrong, copper buyers! Read MetalMiner!) Anyways, copper-driven pieces are sure to generate a buzz, as [...]

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The Bedford’s unassuming entrance. Photo: Nate Burgos As my colleague Taras posted yesterday, for their company outing during the 2011 holidays, the MetalMiner crew met at The Bedford, a new “deposit (pun intended) in Chicago’s restaurant scene. Founder Eric Nordness discovered the potential of an empty basement of a historic 1925 bank building in the [...]

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We have heard many times over the years about metal substitution as a result of rising metal prices — the most classic case is probably plastic water pipes in place of copper — but everyone is likely to have their own example. We have also heard, both in these columns and in the wider press, [...]

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Last week, Chicago-based members of the MetalMiner and Spend Matters team met at the Bedford for our holiday party. The Bedford, a Wicker Park restaurant whose interior is carved out of a subterranean bank vault, has kept most of the original space intact, thereby adding a certain historic grandeur to the proceedings. The vault was [...]

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