Demand for Copper Remains Strong Despite China's Recent Economic News
Paragon Report Provides Stock Research on Thompson Creek Metals Company, Inc. and Sterlite Industries (India) Limited
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 03/27/12 -- Copper climbed, trimming a weekly loss, after a fall last Thursday to the lowest level in more than two weeks was seen as excessive as global stockpiles declined to the lowest level in more than three years. Copper inventories monitored by the LME fell 1.1 percent to 255,450 tons, the lowest level since November 2008. The Paragon Report examines investing opportunities in the Copper industry and provides equity research on Thompson Creek Metals Company, Inc. (NYSE: TC) (TSE: TCM) and Sterlite Industries (India) Limited (NYSE: SLT) Access to full company reports can be found at:
Three-month copper rose as much as 1.1 percent to $8,383.75 a metric ton on the London Metal Exchange and traded at $8,380.50 in Tokyo. The metal has dropped 1.5 percent this last week and touched $8,262.50 Thursday, the lowest since March 7, after reports showing manufacturing shrank in China, the world's largest copper user.
Gavin Wendt, founder and senior resource analyst at Mine Life Pty in Sydney, recently said, "Copper sentiment is a little poor at present, as markets and traders have over-reacted to Chinese economic news this week. There are serious supply side issues and demand remains robust, despite the pessimism in speculative circles."
Paragon Report releases regular market updates on the Copper Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Thompson Creek Metals Company, Inc. reported last month that construction and development of the Mt. Milligan copper-gold mine remained on schedule in 2011, with commissioning and start-up expected to commence in the third quarter 2013 and commercial production of copper and gold in the fourth quarter of 2013. "Once operational, the Mt. Milligan mine is expected to produce approximately 81 million pounds of copper in concentrate and 194,000 oz. of gold in concentrate per year, which we anticipate will contribute significantly to the Company's revenue, net income and cash flow," said Kevin Loughrey, Chairman and Chief Executive Officer.
Sterlite Industries (India) Limited is the principal subsidiary of Vedanta Resources plc, a diversified and integrated FTSE 100 metals and mining company, with principal operations located in India and Australia. It was the first Indian Metals & Mining Company to list on the New York Stock Exchange.
Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.03.2012 - 12:20 Uhr
Sprache: Deutsch
News-ID 128788
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY
Kategorie:
Investment Services & Trading
Diese Pressemitteilung wurde bisher 129 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Demand for Copper Remains Strong Despite China's Recent Economic News"
steht unter der journalistisch-redaktionellen Verantwortung von
Paragon Financial Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
