Metal Industry News Service |
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Scrap Metal Recycling - Ferrous / Non-ferrous Metals - Export & Broker News |
Wednesday, March 10, 2010
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Scrap Pricing |
Scrap Copper
| [$$] Waiting for a Catalyst (at RealMoney by TheStreet.com) This Cisco hype could trigger a selloff -- watch this one closely. |
| Nord Resources Makes Payment to Nedbank Due Under Copper Hedge Agreement (CNW Group) |
| Freeport McMoran Could be Primed to Move (at Seeking Alpha) |
| [$$] Of Bulls and China (at RealMoney by TheStreet.com) |
| Freeport-McMoRan Copper & Gold Inc. Announces Redemption of its Senior Floating Rate Notes due 2015 (Business Wire) PHOENIX----Freeport-McMoRan Copper & Gold Inc. announced today that it has issued a notice to redeem all of its outstanding Senior Floating Rate Notes due 2015 on April 1, 2010. |
| Lihua International Announces Preliminary Unaudited 2009 Financial Results and Introduces 2010 Guidance (PR Newswire) Lihua International, Inc. , a leading Chinese developer, designer, manufacturer, marketer and distributor of low cost, high quality alternatives to pure copper superfine and magnet wire, as well as copper rod products, today announced that it expects full-year 2009 revenue of approximately $161.5 million, gross profit of approximately $36 million and non-GAAP net income of approximately $25.5 million, excluding non-cash charges of $9 million. |
| Outside the Box: Copper stocks look ominous (at MarketWatch) Despite a knee-jerk reaction following the devastating earthquake in Chile, the world's biggest copper producer, action in the market shows that copper is quite weak, writes Michael Kahn. |
| Chile mines reopen after quake (Reuters) Chile's mines returned to service on Monday after the massive weekend earthquake briefly shut nearly a quarter of the top copper producer's output, while improving power supply eased concerns of further disruption. |
| Using ETFs To Play China (at Forbes.com) |
| Copper Prices to Cool Despite Chile Quake (at TheStreet.com) |
| Rowan Cos. rises on upbeat drilling outlook (at MarketWatch) Drilling giant signals better business conditions ahead as more customers line up for its high-end rigs in the U.S. and abroad. |
| Metals Stocks: Copper pares rise as power returns to Chile mines (at MarketWatch) Copper futures back off a bit after climbing the most in nearly a year, in response to a major earthquake in Chile that shut down some mine operations in the Andean country. |
| Metals Stocks: Copper jumps after Chile quake; gold mildly lower (at MarketWatch) Copper futures back off a bit after climbing the most in nearly a year, in response to a major earthquake in Chile that shut down some mine operations in the Andean country. |
| Encore Wire Extends and Expands Stock Repurchase Authorization (Business Wire) MCKINNEY, Texas----Encore Wire Corporation announced today that its Board of Directors authorized an extension of its share repurchase program through February 28, 2011 authorizing the Company to repurchase the remaining 610,000 shares of its common stock previously authorized under such program until that date. |
| Fast Money Web Extra: Metal Mania (CNBC) |
| Raser Technologies names new CFO (AP) |
| Nord Resources Receives Extension on Continued Listing Review (CNW Group) Nord Resources Corporation , which is ramping up copper mining and processing operations at the Johnson Camp Mine in Arizona, today announced that the Toronto Stock Exchange has determined to defer its de-listing decision until no later than March 25, 2010. |
| Indian shares slip in choppy early trading (at MarketWatch) |
| Selenium: Contrary Stuff (at Seeking Alpha) |
| [$$] Freeport's Run Is Done (at RealMoney by TheStreet.com) |
Copper Top 30 Day Copper
Production & Consumption U.S. copper mine production in 2002 dropped to 2,516 million pounds from 2001's 2,954 million pounds. The 2002 level of 7,313 million pounds is a 6.0% decrease from the revised 2001 level of 7,780 million pounds. Exports of mill products in 2002 continued to decline also, down 7.1% at 735 million pounds versus imports of 909 million pounds, a decrease of 10.0% from 2001 levels. Building construction continued to be the largest end-use market for copper products, accounting for more than two-fifths, 46.3% (3,384 million pounds), of total U.S. consumption. Other end-use markets:
Electrical and electronic products - 22.7% The most current annual market data figures may be found in the market data section. |
The information provided in this section has been collected from many varied sources and is true and accurate insofar as the Copper Development Association Inc. has been able to determine.