September 2009
LME Cu leads base metals lower in pre-market
Base metals prices continued to fall in Wednesday’s pre-market trading on the London Metal Exchange as a weak session in Asia and losses in the equities markets contributed to shaky sentiment
Shanghai copper falls 4% on weaker sentiment
Shanghai copper futures closed down 4% on Wednesday as higher oil prices and worries about the strength of China's economic recovery weighed on the market.
Indonesia's tin smelters may extend time-off till October
Indonesia's private tin smelters are likely to stay closed until October due to police crackdown on illegal mining, local sources told MB.
China’s FeCr dips on weaker demand, lower ore prices
Chinese ferro-chrome prices have dropped 50-100 yuan per tonne as demand slows.
LME ASIAN WRAP: Copper falls on LME and SHFE
LME copper fell more than 3% during early trading, as prices were hit again by shaky sentiment in China.
(AMM) USW vows fight as Grupo Mexico control of Asarco nears
The United Steelworkers union said it is "disappointed" by a federal judge's recommendation that Grupo Mexico SA de CV's bid for bankrupt Asarco LLC be confirmed, and pledged to fight the recommendation when it arrives at a higher court for final approval next month.
(AMM) Court ruling moves Grupo Mexico closer to regaining control of Asarco
Former Asarco LLC parent company Grupo Mexico SA de CV is nearing victory in its battle against Sterlite Industries (India) Ltd. to regain control of the bankrupt U.S. copper miner.
(AMM) Boeing's new airliner chief inherits tough 787 challenge
A change at the top of Boeing Co.'s commercial airliner unit is being seen as a critical transition that could help decide the success or failure of the new 787 Dreamliner.
(AMM) Aleris financials show mixed results
Aluminum sheet and alloy producer Aleris International Inc., whose U.S. operations are currently operating under Chapter 11 bankruptcy protection, has issued July figures showing a paradox long felt by much smaller, family owned businesses.
(AMM) Freeport to redeem $832M of preferred shares
Freeport-McMoRan Copper & Gold Inc. announced a share redemption Tuesday that will cut costs but which analysts said reveals little about its financial health.