copper prices

• Business Watch

The benchmark Shanghai Composite Index recovered from steep declines to settle at a 0.3 per cent decline. It marked the exchange's longest losing streak of the year, extending a downward trend that began Wednesday. First Quantum Minerals Ltd. (TSX:FM) said Monday it earned US$101.5 million in its latest quarter, down from a year ago, due to lower copper prices and a $52.7-million hedging charge. Robert Quartermain, president and director of Vancouver-based silver mining company Silver Standard Resources Inc. (TSX:SSO), made the announcement Monday.

• Winnipeg Free Press
• October 14, 2009

• Tsx Slides On Oil, Metals

The S&P/TSX composite index dropped 69.76 points to 12,340.47 after oil prices tumbled following a 3.8 per cent jump in the past two sessions, gold prices fell after hitting two-month highs on Thursday and copper prices retreated. The TSX gained 101.43 points or 0.8 per cent this week.

• Winnipeg Free Press
• August 12, 2009

• Global Recession Hitting Africa Particularly Hard

The economic crisis has hit Africa due to the falling prices of such commodities as oil, gold, zinc and copper, and drops in tourism, foreign aid and money being sent home by workers in wealthier countries.

• Brandon Sun, The
• September 08, 2009

• Hudbay Eyes Flin Flon Closure

Do we want to shut the smelter down early? No we don't. But economics may very well dictate that we need to seriously consider it. [Allen Palmiere] said the company had settled contracts in place to purchase copper concentrates that "at economic prices" for 2008 but hasn't entered agreements to purchase copper concentrates beyond this year. "So for somebody thinking about buying HudBay, they don't have to make those decisions. The smelter would have been a problem for anybody. Their costs to produce finished copper is more expensive internally now than it is if they sold those concentrates to the spot market."

• Winnipeg Free Press
• August 26, 2009

• Battle for Falconbridge Heating Up

Xstrata is in fact the natural partner for Falconbridge," said Mick Davis, chief executive of Xstrata. "We will be a committed and long-term investor in Canada. Xstrata is offering to pay $52.50 a share for Falconbridge. That trumps Inco's offer, which values Falconbridge at the equivalent of $51.17 in cash and stock. [Derek Pannell] said he thinks Xstrata's offer isn't high enough because it doesn't recognize Falconbridge's earnings potential. Prices for nickel, copper and zinc are near record levels and Falconbridge is generating lots of cash.

• Winnipeg Free Press
• August 10, 2009

• Scrap Metal Prices so High, Nothing's Sacred

It's audacious when you have to use a ladder of 15 or 20 feet to climb up and cut pieces of a roof," said Rev. Raymond Angers, who oversees two of the targeted churches. Ohio's oldest Russian Orthodox church was stripped of some of its copper sheathing last fall, prompting its caretaker to wonder: "Who could steal from God? "It's a bit crazy at the moment," he said, noting record prices for steel and non-ferrous metals such as nickel, copper and aluminum.

• Winnipeg Free Press
• August 10, 2009

• Energy Stocks Tumble On Tsx

We've got energy and materials now that are fully 50 per cent of the (Toronto) index so unlike a lot of other markets around, that's it -- literally, a handful of commodities including oil, natural gas, oil, fertilizer prices, maybe copper -- drive this thing.

• Winnipeg Free Press
• August 27, 2009

• The coming dark age.

...Inco closed its copper refinery in Sudbury because power was too expensiv...High prices have closed sawmills and pulp mills. Now Cliffs Na...

• Northern Ontario Business
• Vol. 31 Nbr. 10, August 2011

• Falconbridge Backs Inco Deal Over Rival Bid by Xstrata

Falconbridge has consistently favoured the friendly Inco bid, which is backed by U.S. copper firm Phelps Dodge Corp. (NYSE:PD). The two firms responded to Xstrata's move last week by saying they had made their "best and final" offers for Inco. After reviewing the financial and legal aspects of the two offers, the market fundamentals for both nickel and copper and the recent performance of the Inco and Falconbridge share prices, the Falconbridge board has reaffirmed its conclusion that the Inco offer is more attractive for the shareholders of Falconbridge," CEO Derek Pannell said in a statement late yesterday.

• Winnipeg Free Press
• August 11, 2009

• Eyesore or Tourist Draw?

...He removed the copper wiring, benefiting from a sharp spike in copper pr...

• Winnipeg Free Press
• December 28, 2010