查看更多>>摘要：Copper and aluminium avoided further technical deterioration and it is quite likely that this week the base metals may just be able to hold on to the modest gains. However, the market looks anything but robust and is susceptible to selling and profit taking at rallies. I expect the market to move sideways early this week and in later part of the week may even attempt to clear nearby resistance levels, 1620s dollars and 1520s dollars in the case of copper and aluminium.As expected gold slid below 300 dollars/oz early last week, however, it was lent a helping hand by oil prices and the rouge flyer in Milan. What is also note worthy is that the Indian demand has been good last week and it should support the prices over 300 dollars this week.
查看更多>>摘要：With the Aditya Birla group now taking 55 percent interest in UAIL, Mr. S.K. Tamotia, CEO of Indal is optimistic of the progress in the construction of the refinery. He says that there has been progress in the discussions with the State Government and he is hopeful that they will be able to take along the local tribals in the development of the region through UAIL.
查看更多>>摘要：Canadian aluminium producer Alcan Inc. expects the Western world aluminum market to record a surplus of 360,000 metric tons in 2002, a company spokesman during an analyst call detailing its first-quarter results. Alcan also stated that it expects Western world supply to rise 2.5 percent in 2002 to total 19.85 million metric tons, while demand is expected to climb around 3.0 percent in 2002 to 19.49 million metric tons. Meanwhile, the company said that it will consider an expansion at its Alma smelter in the Saguenay-Lac-St.
查看更多>>摘要：China's rapid rise in aluminium output could pressure spot premiums of imported aluminium over the LME cash price lower from the current level, an analyst at state-owned Antaike Information Development Co. said. Spot aluminium premiums of Good Western brands have been stuck in a range of 45 dollars -50 dollars a metric ton since the fourth quarter of 2001, compared with 50 dollars -60 dollars/ton earlier last year. All premiums are on a cif basis to main Chinese ports. "The current premium levelis likely to stay unchanged for several months. However, there's a possibility that (premiums) will go down later this year if domestic output continues rising at such a rapid rate," the aluminium analyst said.
查看更多>>摘要：C.S. Aluminium Corp., Taiwan's biggest aluminium consumer, may issue a spot buy tender in the last two weeks of this month for 4,500 metric tons of aluminium ingots for use in the second quarter, a senior official of the company said. The amount is lower than the 9,000 tons the company had expected to buy in March. However, the official didn't provide the reasons. Of the total 4,500 tons, 3,000 tons will be Good Western aluminium, which has purity of at least 99.7 percent. The remaining 1,500 tons will be aluminium ingots of lower grades, the official said.
查看更多>>摘要：Canadian miner Inco Limited said nickel production at its operations increased 13 percent in the first quarter of 2002, compared with the corresponding 2001 period, reflecting improved ore grades and recoveries.Nickel output in all forms rose to 59,547 metric tons in the reporting period from 52,585 tons in the first quarter of 2001, Inco said. The company uses purchased intermediates to increase processing capacity utilization at its Canadian operations. While the costs of purchased intermediates is higher, the price realizations are also higher, resulting in margins on these purchases remaining unchanged. The decrease in nickel unit cash cost of sales before by-product credits in the first quarter of 2002- to 3,197 dollars/ton - compared with the corresponding quarter of 2001 - of 3,549 dollars/ton - was principally due to lower energy costs and the favourable effect of a weakening in the Canadian dollar relative to the U.S. dollars, Inco added.
查看更多>>摘要：Global mining giant Anglo American is on track to make initial shipments of zinc from its 454 million dollars Skorpion mine and refinery project in southern Namibia during the early part of 2003, the company said.Anglo American said the facility will ramp up to its output capacity of 150,000 metric tons a year over a two year period, during which time 25 kilogram zinc ingots as well as 1,000 kg and 2,000 kg "jumbo" blocks will be produced. Some zinc is already being produced at the site, but only for training purposes to provide insight into the project plant's hydrometallurgical processes.
查看更多>>摘要：Sumitomo Metal Mining Co., Japan's fourth largest zinc producer, agreed to lower this year's benchmark zinc Treatment Charge to 170 dollars a metric ton from 190 dollars/ton last year, due to supply tightness in the world's zinc concentrate market, a company official said.Treatment Charges are the fees levied by smelters for processing miners' concentrates into refined metal, and are based on a London Metal Exchange cash price of 1,000 dollars/ton.
查看更多>>摘要：Travancore Titanium Products (TTPL) is suffering losses due to lowering of import duty on titanium dioxide from 35 percent to 30 percent. MD of the company Mr. V. Bashir said that China was selling titanium dioxide at Rs 42,000 per ton against the company's price of Rs 62,000 per ton. The company had made a profit of Rs 28 million in 2000-01 but may suffer a loss during 2001-02.
查看更多>>摘要：Kerala Minerals and Metals Ltd (KMML) has done well producing more ilemnite, synthetic rutile and titanium dioxide during 2001-02, according to its MD, Mr. N. R. Subramaniam. The company is expected to make a profit of Rs 900 million during the year.Prices of titanium dioxide in the world market crashed by 30 to 40 percent in the world market. There was also reduction in import duty. But the company produced 17,200 tons of ilmenite during 2001-02, double that of previous year and a record of 2530 tons in March alone.
NSTL