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| | | The Australian sharemarket is expected to open higher after commodities including gold, oil and copper advanced overnight. Gains may be limited after US stocks declined on comments by Federal Reserve chairman Ben Bernanke that a recession is possible. ... |
| | | | ... Wednesday. LONDON METALS EXCHANGE Tin extended recent gains to hit a record high above $US20,000 per tonne on Thursday and copper was steady but seen vulnerable to a sell-off as investors focused on the possibility of recession in the United States. ... |
| | | | ... 46.04 or 0.96 per cent. TOKYO - Japan's Nikkei rose 2.84 per cent as metals shares soared on near-record gold and surging copper prices, with Sumitomo Metal Mining seeing its greatest one-day gain in a decade. The Nikkei rose 377.91 points to 13,688.28. ... |
| | | | ... 1,348.86. The Nasdaq Composite Index was down 0.02 point at 2,320.04. In London, base metal prices were higher overall. Copper prices climbed higher for a fifth straight day and zinc, lead and tin also were stronger. Aluminium and nickel lost ground. ... |
| | | | ... target. Jetstar CEO Alan Joyce is expected to make a "significant commercial" announcement this morning in Melbourne. Phoenix Copper Ltd (PNX) lists on the Australian stock exchange, in Adelaide at 1200 AEDT. The banks led a sharp sell off on the Australian ... |
| | | | ... market today is BHP Billiton and Rio Tinto off slightly," Mr Walker said. "With base metal prices in London overnight, copper was up a little bit but some other metals were softer, with zinc down by a margin." The big diversified miners were weaker. ... |
| | | | ... bauxite miner Alumina fell seven cents to $5.21. On Friday, Rio Tinto announced a joint venture with the world's largest copper producer, CODELCO, to explore for copper in Chile. Australian financial markets were closed yesterday for the Australia Day ... |
| | | | ... and Rio Tinto found $5.57, or 5.14 per cent, to $114.04. Rio said it had formed a joint venture with the world's largest copper producer, CODELCO, to explore for the red metal in Chile. US stocks rose 0.9 per cent after the government said 117 million ... |
| | | | ... points, or 0.17 per cent, at 2,658.36. LONDON - Britain's top share index extended gains as consolidation talk and higher copper prices boosted miners but fears of more trouble in the credit market kept markets below the day's highs. The FTSE 100 closed ... |
| | | | ... necessarily matter for now." As a result, he still recommended investors buy stocks related to industries such as steel, copper, oil, shipping and airlines. He said discounting due to the potential of an oversupply could start happening a year before ... |
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