TD: DJ BASE METALS HIGHLIGHTS: Top Stories Of The Day
TOP STORIES:
China Sci-Tech To Restart Lady Annie Copper At End-2010
China Sci-Tech Holdings Ltd. (0985.HK) said Friday it plans to restart copper production at the Lady Annie mine in Australia in December this year.
AT CFTC Hearing, Few Support Trading Limits On Metals
WASHINGTON (Dow Jones)--The drive to impose new speculative trading limits on metals markets looked stalled at a U.S. Commodity Futures Trading Commission hearing Thursday, even as the agency is already considering implementing similar rules in energy markets.
STORIES OF INTEREST:
Workers Notify Freeport-McMoRan Of Plan To Strike At Peru Mine
LIMA (Dow Jones)--Workers have notified Freeport-McMoRan Copper and Gold (FCX) they plan to go on strike March 31 at its Sociedad Minera Cerro Verde SAA (CVERDEC1.VL) mine in Peru, the company said Thursday.
Glencore Agrees To Up Stake In Katanga To 74.4%
LONDON (Dow Jones)--Switzerland's Glencore International SA has agreed to up its stake in Katanga Mining Limited (KAT.T) by 5.2% to 74.4% through deals worth $75.6 million or 100 million shares with Breton Global Limited and Ellesmere Global Limited, it said Thursday.
MARKETS:
BASE METALS: LME Metals Mixed In Asia; Euro Still Key
SINGAPORE (Dow Jones)--Base metals were mixed on the London Metal Exchange in Asia Friday with a bounce in the euro from early lows boosting copper prices.
BASE METALS: Comex Copper Supported By Bernanke Comments
Copper futures closed higher Thursday after Federal Reserve Chairman Ben Bernanke offered assurances that U.S. interest rates will remain low for some time yet.
-By Elisabeth Behrmann, Dow Jones Newswires; +61 2 8272 4689; elisabeth.behrmann@dowjones.com
(END) Dow Jones Newswires
03-26-10 0031ET
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