BASE METALS HIGHLIGHTS : Top Stories Of The Day
04/12/2012| 05:10pm US/Eastern
Creditors Of Doe Run Peru Reject Restructuring Plan
The board of creditors of Doe Run Peru rejected on Thursday a restructuring plan that would have allowed the company to restart operations at its La Oroya metallurgical complex, the Mines and Energy Ministry said.
PanAust 1Q Copper Output Up; Forecasts More Output Growth
PanAust Ltd. (PNA.AU) on Thursday reported a 4.6% rise in on-year first quarter production and stuck to annual output and cost guidance for its Phu Kham mine in Laos.
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Hong Kong Exchanges In Talks For Loan To Finance Bid For LME -Reuters
Hong Kong Exchanges and Clearing Ltd. (0388.HK), one of the four reported short-listed bidders for the London Metal Exchange, is in talks with banks for a loan to finance a bid, Reuters reported Thursday, citing two sources.
US Copper Imports - Apr 12
U.S. copper imports rose 36.7% in February from a month ago, and was up 11.3% from the previous year, the Commerce Department reported Thursday.
US Aluminum Imports - Apr12
WASHINGTON (Dow Jones)--U.S. aluminum imports fell 23.3% in February from a month ago, but was up 1.3% from the previous year, the Commerce Department reported Thursday.
US Zinc Imports - Apr 12
WASHINGTON (Dow Jones)--U.S. zinc imports rose 5.1% in February from a month ago, and was up 14.6% from the previous year, Commerce Department reported Thursday.
Dubai DGCX Says To Launch Copper Futures Trading Next Week
DUBAI (Zawya Dow Jones)--The Dubai Gold and Commodities Exchange, or DGCX, said Thursday it will launch trading of copper futures on Friday, April 20, the first in the Middle East.
Kazakhstan Jan-March Zinc, Copper, Gold Output Up
MOSCOW (Dow Jones)--Kazakhstan produced in January-March 79,289 metric tons of zinc, 0.9% more than in the corresponding period last year, the state statistics agency reported Thursday.
The Arctic Likely To Attract $100B Investments In Coming Decade-Report
STOCKHOLM (Dow Jones)--The Arctic region is likely to attract investment of $100 billion or more over the coming decade, according to a report by independent policy institute Chatham House and the Lloyd's of London insurance market.
BASE METALS: Copper Prices Bounce Higher On Dovish Fed Talk
NEW YORK (Dow Jones)--Copper futures rallied alongside equities on a weaker dollar as dovish language from a Federal Reserve official stoked hopes of further stimulus.
-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; firstname.lastname@example.org