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BASE METALS HIGHLIGHTS: Top Stories Of The Day264 days ago
SYDNEY (Dow Jones)--China's strong copper demand has surprised Japan's top three smelters, with order books full until July, but despite demand from domestic auto makers also improving, only one smelter so far has decided to reverse a 10% production cut.
TOKYO (Nikkei)--Mitsubishi Materials Corp. (5711.TO), Japan's third-largest copper smelter, will resume full production in August in response to an uptick in demand from domestic auto makers, the Nikkei reported in its Thursday morning edition.
SYDNEY (Dow Jones)--The global refined copper market was in a small deficit of 35,000 metric tons in February, due to high Chinese imports, the International Copper Study Group said in a note dated Wednesday.
NEW YORK (Dow Jones)--Copper futures came under pressure from weaker equities Thursday as the bullish economic sentiment that has supported the metal of late begins to unravel.
LONDON (Dow Jones)--Base metals on the London Metal Exchange fell Thursday, weighed by a drop in equity markets with renewed concerns about the economic outlook dominating sentiment.
-By Matt Whittaker, Dow Jones Newswires; 201-938-5959; matt.whittaker@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=tCnGkHTeWgmwPEzABnwFQg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
May 21, 2009 13:52 ET (17:52 GMT)
TOP STORIES:
Japan's Top 2 Copper Smelters Keep Output Cuts, At Least For Now
STORIES OF INTEREST:
Mitsubishi Materials To Raise Copper Smelters Output -Nikkei
ICSG: Feb 09 Copper Market In 35,000 Tons Deficit
MARKETS:
BASE METALS: Lower Equities Pressure Comex Copper Futures
BASE METALS: LME Metals Dn With Equities On Wider Econ Worries
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