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Feb 14, 2011

latest metals news

n      Copper imports by China rebounded 5.7% (364,240t) in January from the previous month as fabricators increased stockpiles ahead of a seasonal ramp up in production after the Lunar New Year break.

 

n      The LME and Singapore Exchange will begin trading copper, zinc and aluminum futures on the Singapore bourse tomorrow.

 

n      United Co Rusal jumped to a record in Hong Kong trading afterNorilsk Nickel increased its offer to buy back shares held by the aluminum producer to $12.8bn, prompting speculation the bid will rise further.

 

n      Korea Resources and Daewoo International, the trading company controlled by Posco, made an initial bid for Whitehaven Coal, an Australian producer with a market value of A$3.6bn ($3.6bn).

 

 

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