January 2012

MEIR ON METALS: Markets quiet as European developments are taken in

Analyst Ed Meir looks at what is moving the metals markets on Tuesday January 31.

Vedanta may apply for fresh environmental clearance for alumina refinery expansion project

Vedanta Aluminium will start fresh talks with the Indian ministry of environment and forests for permission to begin work on the 5 million tpy brownfield expansion project of its alumina refinery in Lanjigarh, Orissa.

Credit Suisse predicts mixed moves in base metals prices

Analysts at Credit Suisse have cited tin as being the strongest performer on the London Metal Exchange so far this year, as prices gained about 18% in January.

GCC aluminium output set to reach 10% of global production

Aluminium output among the Gulf Co-operation Council (GCC) nations will soon reach 10-11% of global production levels, business research and consulting firm Frost & Sullivan said.

Vedanta reports record silver, lead production in third quarter

Diversified miner Vedanta Resources has reported record production of refined silver and lead for the nine months to December 31, 2011.

Base metal prices rally as Europe opens in LME pre-market

Base metals rallied following the opening of European trading on the London Metal Exchange on Tuesday January 31, with all trading above their opening prices at 10:08 GMT on a stronger euro.

WINDERMERE CAPITAL PROFILE: Windermere: not like the other hedge funds

Windermere Capital is a relatively young investment firm, established in 2006, and currently offers two private funds: Navigator, and Breakaway.

No rally for Shanghai copper prices

Shanghai copper prices fell 0.6% on Tuesday, in a small blow to those expecting a post-holiday rally.

LME ASIAN WRAP: Copper slips on Greece debt woes

London Metal Exchange copper fell in early Asian trading on Tuesday as sentiment dampened after European leaders struggled to agree on a Greek rescue program.

Chalco's 2011 net profits to fall 50% on lower aluminium prices

Aluminium corporation of China (Chalco) expects more than a 50% drop in its year-on-year net profit on lower metal prices and higher power costs.