查看更多>>摘要：As predicted copper was 1620 dollars per ton on the back of rising inventories and weaker sentiment from the remaining base metals complex. Most noticeably from aluminium. It suffered a bout a profit taking at the key resistance of 1620 dollar per ton. While copper seems to be in no immediate danger of sell off, aluminium is susceptible to further losses. And will most definitely be affected adversely of the US equities failed to maintain upper ward momentum. Rest of the base metals complex the prices should remain subdued to weaker.
查看更多>>摘要：Aluminum at the London Metal Exchange fell sharply after the emergence of a 17,750 metric-ton inventory build while copper became the victim of a late technical sell-off. Aluminium fell to a five-month low at 1,342.50 dollars a metric ton in the pre market as longs liquidated positions after the stock announcement, which dealers said was proof of the poor physical demand for the metal at present. Fund selling was said to be dominant in aluminum.The bearish mood soon spilled over to the copper market, where prices were forced down to a two-week low at 1,586 dollars/ton, just above support at 1,535 dollars/ton. "It's just a technical sell-off ahead of the weekend," said Lawrence Eagles, metals analyst at GNI Research. "We had relatively positive data from the U.S. and it just didn't budge."
查看更多>>摘要：Bharat Aluminium Company, which was taken over by Sterlite Industries Limited for Rs 5.51 billion and took a 51 percent stake and management control, had fared badly during the period April 2001 - March 2002. Production, sales and profit have all declined.Production during 2001-02 has fallen to 69,871 tons form 89,164 tons, sales have fallen to 71,792 tons from 88,890 tons and net sales to Rs 6.20 billion from Rs 7.73 billion profit before interest has fallen from As 331.9 million from Rs 951.00 million and profit before depreciation to Rs 8.7 million against Rs 557 million.
查看更多>>摘要：The Balco board which met during the week decided to invest Rs 50 billion in expanding the smelter from 100,000 tons to 334,000 tons, alumina capacity will be expanded from 180,000 tons to 830,000 tons and power form 270 MW to 810 MW.Around Rs 20 billion will come from internal accruals and equity and Rs 30 billion from loans. Financing plans will be finalized in about 6 months.
查看更多>>摘要：Net new orders for U.S. aluminium mill products in April remained flat compared to March 2002, according to J.P. Morgan's analysis of the latest figures released by the U.S. aluminium Association. Although net new orders in April remained flat over March, they are up about 10 percent year-to-date (in December 2001, net new aluminium orders were at their lowest level since the index began in January 1998) and 32 percent up versus April 2001, J.P. Morgan noted.We continue to believe that aluminium prices will be constrained in 2002 (assuming a JP Morgan forecast of 0.66 dollars per pound), owing to the restarts in Brazil and the potential restarts in the Pacific Northwest, JP Morgan's note declared. "In addition, LME aluminium inventories are currently at 1,133,425 (metric) tons, up 38 percent since the beginning of this year, and LME aluminium prices remain flat (up 0.3 percent) year-to-date," it said.
查看更多>>摘要：In order to create awareness about observance of Electricity Rules and Regulations Industries, Energy & Labour Department of Maharashtra along with the dedicated efforts of ICPCI (International Copper Promotion Council of India) observed the Electrical Safety Week from 1st May - 7th May, 2002 as per directives of Central Electricity Board, New Delhi.It was decided to organize ESW in the first week of May at the 35th meeting of the Central Electricity Board held in Thiruvananthapuram in Jan 1999 in order to increase awareness about various safety measures and precautions to be taken while handling, or working on, or repairing electrical equipment at home or electrical installations.
查看更多>>摘要：The refined copper market is expected to record a market deficit of around 200,000-250,000 metric tons in 2003, analysts at Bloomsbury Mineral Economics estimated, although this is still not enough to make an impression on the huge overhang of visible stocks. "This being the case, we see little prospect of prices rising for more than short periods above a 1,750-1,850 dollars/ton range at any point in this economic cycle," BMS said.After what is increasingly looking like a false start to market recovery in the early part of this year, a lull in copper consumption growth through the summer is expected, bar any summer is expected, bar any major surprises from China, BMS said.
查看更多>>摘要：BHP Billiton Ltd would consider restarting currently idled copper capacity of 170,000 metric tons per annum if prices rose by around 5 cents per pound from current levels and remained at those levels, BHP Billiton CEO Paul Anderson said. "If the price went up 5 cents a pound, that would certainly make it worthwhile bringing it (the idled capacity) back on, except you have to be able to assume it's going to stay up 5 cents per pound," Anderson said. "So it's more the supply/demand balance that will be driving the decision than the actual price."
查看更多>>摘要：The average cash zinc price is expected to climb over the next three years, said Kamal Naqvi, metals analyst at Macquarie Bank at the Metal Bulletin's 6th International Zinc and its Markets conference. He based his outlook on the fact the concentrate market has moved into a deficit, product growth of refined metal has stalled in some regions and demand for zinc has stopped contracting.The concentrate market will be in deficit until 2005, a move that will limit refined zinc supply and help zinc prices recovery in 2003, but Naqvi predicted that the psychological level of 1,000 dollars a metric ton, basis the London Metal Exchange cash market, will not emerge until 2004.
查看更多>>摘要：Production of zinc ingots from Iran is expected to climb to 105,000 metric tons per year in 2002 from 73,000 tons in 2001, Mohammed Abbsali Pour, managing director of the National Iranian Lead and zinc company said at Metal Bulletin's 6th International Zinc and its Markets conference in Amsterdam. This compares to an estimated jump in total smelter capacity from 120,000 tons in 2001 to 137,000 tons in 2002, a move which would leave around 32,000 tons of spare capacity.
NSTL