查看更多>>摘要：As the table below shows, in year-on-year terms the January monthly average quotes on a cash basis, for almost all the LME traded metals (the exception being lead), were significantly lower. However, When compared with December's average they were somewhat stronger. The only exception to this has been tin which has been tin which has weakened on the back of the notable increase in stocks in Singapore following its opening as an LME deliverable warehouse. The year-on-year weakness is unsurprising given the global economic deterioration that has characterised the last twelve months. Of interest, though, is the strength in quotes seen since the beginning of the year. What is more surprising is that the strength in quotes has come about at the same time as a notable rise in January LME stocks of between 4-38 percent when compared with Decembers levels.
查看更多>>摘要：A recovery in the U.S. economy in the second half of 2002, leading to stronger consumption for copper, led UBS Warburg to lift its forecasts for spot copper prices by 3 percent to 75 cents a pound this year. In its last forecast in October, UBS Warburg estimated spot copper prices to average 73 cents/lb this year from an estimated 71.60 cents/lb last year.
查看更多>>摘要：French aluminium prod ricer Pechiney has acquired Alufin CmbH Tabularoxid, a German producer of tabular alumina. Alufin has a production capacity of 18,000 tpy of tabular alumina, which is mainly used in high performance refractories. The comany's plant, situated near Leipzig in Germany employs over 40 people.
查看更多>>摘要：Canada's Alcan has confirmed that it has begun an action in the German courts to have its pie emptive rights confirmed and declared enforceable" with regards to the 50 percent stake in the Aluminium-Norf the Aluminium-Norf rolling mill, which will pass to Norsk Hydro when the Noorwegian company completes its acquisition of VAW. Alcan, which owns the other 50 percent of Europe's largest aluminium rolling mill, said that three had been a reluctance on behalf of VAW and its previous owners E. on "to recognise Alcan's rights". Alcan clamis to have an agreement that gives it a right to match any bid for the mill. The situation is complicated because Norsk Hydro bid not only for Norf but for all of VAW Aluminium's operations.
查看更多>>摘要：The US Midwest spot aluminum premium over London Metal Echange three-month prices eased further over the past week to be quoted around the 3.0-3.25 cents per pound region Wednesday, traders said. LME three-month aluminum closed the kerb Wednesday around 62.26-62.31 cents. Quiet business conditions and softening LME prices were noted as the main contributing factors behind the weakness, but the recent announcements of restarted capacity in Brazil - following an easing in energy lances and government restrictions in that country - and threats of similar action taking place in the U.S., was also serving to undermine sentiment, sources said.
查看更多>>摘要：Government has appointed AF Ferguson & Co as the new global advisors for the sell off HCL and wants to invite expression of interest before end March 2002. The capital restructuring proposal includes conversion of non-plan ball of 4.40 billion rupees given for VRS into grant-in-aid and a non-plan grant of 1.15 billion rupees is also sought to meet expenses for separation of 1500 employees during next financial year. Conversion of outstanding Plan loan amounting to 715 million rupees into equity is also proposed. Waiver of outstanding interest on Plan loan amounting to nearly 200 million rupees.
查看更多>>摘要：Yamaha Motor Co. has developed an aluminum casting technology capable of making aluminum parts 30 percent lighter than existing ones, the Nihon Keizai Shimbun reported last Wednesday. The technology will be used for engine parts production at Yamaha and will be provided to other firms. The technology allows the injection of melted aluminum evenly into a mold in a very short time by sucking out tile air contained in tile mold.
查看更多>>摘要：Indian copper fabricator SWILs much-delayed smelter and refinery in Gujarat could be ready for commissioning by June. Rajendra K. Mittal, SWIL director and ceo, said the plant is set to produce 50,000 tpy of grade A copper cathode. It is in its final stage of completion. The company is now said to be looking for sources of copper concentrates, scrap and residues. However, its high production costs, due to the doubling of its capital cost from around 5.5bn rupees to 11bn rupees, may render the project unworkable at current copper prices.
查看更多>>摘要：The 77m dollars run-of-mine (ROM) project at northern Chile's El Abra copper mine is expected to come on stream late in the next quarter of 2002, boosting production by some 35,000 tpy for seven years by leaching low-grade oxide material, Phelps Dodge Mining president Timothy Snider told analysts recently. Phelps Dodge, based in Phoenix, Arizona, has 51 percent of El Abra, which is designed to produce 225,000 tpy of copper using SX/EW technology, and Chile's state copper corporation Codelco has the other 49 percent interest. Snider said the ROM project was "on schedule and below budget", but company officials had previously said it was due to come on line in the first quarter of this year.
查看更多>>摘要：Western world zinc metal supplies exceeded demand by around 292,000 metric tons in 2001, according to preliminary estimates by the International Lead and Zinc Study Group. This included net imports from the former Eastern countries and releases fl-am the US Defence National Stockpile, ILZSG added. A 1 percent fall in global usage of refined zinc metal was heavily influenced by a decline of 13.5 percent in the U.S., while both global mine and metal output exceeded nine million tons for the first time after rises of 4.8 percent and 2 percent respectively, ILZSG said.
NSTL