Base Metals

Metorex surges on higher reserves

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Metorex raised its copper and cobalt reserves, pushing its share price higher.

Copper falls on China demand concerns

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Copper prices pared back gains, pressured by fresh worries about near-term Chinese demand for industrial raw materials.

African Eagle shares on erratic path

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Recent erratic movements in the African Eagle share price on the JSE can be attributed to lack of trading liquidity in South Africa compared with the company's main London listing.

Metorex gives Ruashi clean bill of health

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The transformer issues at Metorex’s flagship mine are a thing of the past, enabling the group to deliver while copper is trading at record highs, says management.

Sallies reopens Witkop mine

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Sallies is starting up production again from its Witkop fluorspar mine in response to improving market conditions and the weakening of the rand against the dollar.

Bullish copper may run out of steam

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As the metal closes in on $10,000 per tonne, analysts are questioning if there is still room for copper to move.

African Eagle shares oversubscribed

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African Eagles resources says a placing of 23.86 million new ordinary shares in London was oversubscribed.

Metorex H1 copper output up by 5pct

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Junior miner Metorex says that during the six months ending in December 2010, its copper production increased 5% to 26 358 tonnes, while its cobalt production increased by to 2 021 tonnes.

Higher demand outlook aids copper rally

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Copper is continuing its record-breaking run, buoyed by positive manufacturing data from around the world.

Copper continues record rally

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Copper futures are rallying on the first day of trade of the New Year, extending 2010's 33% gains on expectations of sustainable growth in top metal consumer China.