Metal Industry News Service |
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Scrap Metal Recycling - Ferrous / Non-ferrous Metals - Export & Broker News |
Saturday, July 31, 2010
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Scrap Pricing |
Scrap Copper
| Encore Wire Corporation. Q2 2010 Earnings Call Transcript (at Seeking Alpha) |
| Options Action: A 'Golden' Trade (at CNBC) |
| Asia Markets: Lackluster results cloud outlook for Indian shares (at MarketWatch) A lackluster Indian earnings reporting season so far this month has introduced a sense of caution that some analysts say will make it harder for Indian equities to rise in the near term. |
| Nord Resources Converts Payable with Largest Trade Creditor to a Two-Year Note (CNW Group) |
| Encore Wire Reports Second Quarter Results (Business Wire) MCKINNEY, Texas----Encore Wire Corporation today announced dramatically improved results for the second quarter and six months ended June 30, 2010. |
| Lihua International Launches Production on New Smelter (PR Newswire) Lihua International, Inc. , a leading Chinese developer, designer, and manufacturer of low cost, high quality alternatives to pure copper products, such as refined copper products and superfine and magnet wire, including copper clad aluminum wire, today announced that it has begun production of refined copper products on its second smelter, located in the Company's existing copper recycling facility in Danyang, China. |
| [$$] Copper's Breakout Points to Gains in Metals Stocks (at TheStreet.com) |
| Hindustan Zinc Limited Results for the First Quarter Ended 30 June 2010 (Business Wire) MUMBAI, India----Hindustan Zinc Limited today announced its results for the first quarter ended 30 June 2010. |
| Sterlite Industries (India) Limited Un-audited Consolidated Results for the First Quarter Ended 30 June 2010 (Business Wire) MUMBAI, India----Sterlite Industries Limited today announced its Un-audited consolidated results for the first quarter ended 30 June 2010. |
| Freeport-McMoRan Trades Higher Off Earnings Beat but Reason for Worry Remains (at Seeking Alpha) |
| Base Metals to Trade Lower Thursday (at TheStreet.com) |
| [$$] Copper Comes Cheaper in London (at The Wall Street Journal) |
| Freeport-McMoRan Copper & Gold Inc. Q2 2010 Earnings Conference Call (at Seeking Alpha) |
| Encore Wire Corporation Earnings Release and Conference Call Announcement (Business Wire) MCKINNEY, Texas----Encore Wire will release quarterly earnings Wednesday, July 28th, after stock market close. A conference call will be held to discuss Quarterly results followed by a Q&A session: |
| Freeport-McMoRan 2Q earnings rise 10 percent (AP) Freeport-McMoRan Copper & Gold Inc. says global copper demand is robust despite the uneven economic recovery, prompting it to push ahead with plans to restart some operations curtailed during the recession. |
| Freeport profit up on higher gold, copper prices (at MarketWatch) Shares of Freeport McMoRan Copper & Gold Inc. cling to nearly a 3% advance in a tough session after reporting a 10% jump in second-quarter profit built on sharply higher metals prices. |
| Copper, industrial metals hold gains; wheat jumps (AP) Copper and other industrial metals rose Wednesday on signs of strong demand and expectations for growth in China, sending copper to its highest level in three weeks. |
| Lihua International Names Crowe Horwath (HK) CPA Limited Independent Auditors (PR Newswire) Lihua International, Inc. , a leading Chinese developer, designer, and manufacturer of low cost, high quality alternatives to pure copper products, such as refined copper products and superfine and magnet wire, including copper clad aluminum wire, today announced that it has appointed Crowe Horwath CPA Limited to serve as the Company's independent registered public accountants effective July 16, 2010. |
| Time to Look at Copper Plated Bonds? (Morningstar.com) |
| Metals Stocks: Gold futures flat; copper soars 3% (at MarketWatch) Gold futures settle virtually unchanged amid light volume. Copper, however, rises 3%, the red metal's biggest one-day increase since mid-June. |
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.