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DJ BASE METALS HIGHLIGHTS: Top Stories Of The Day77 days ago
LUSAKA, Zambia (AFP)--Zambia will face increased power cuts next year due to high demand for electricity created by investments in the country's mining industry, the state-owned energy supplier said on Monday.
SYDNEY (Dow Jones)--The refined copper market was in a 150,000 metric tons surplus during August based on a fall in apparent demand in China and the European Union, the International Copper Study Group said Monday.
LONDON (Dow Jones)--Gold surged to a record high Monday, as investors sought insurance against a sliding dollar and the risk of inflationary bubbles in other assets.
SANTIAGO (Dow Jones)--Abiding by Chilean labor laws, striking workers at the Spence copper mine will likely return to work on Wednesday after reaching a wage and benefits deal that ended their 42-day strike, a union leader said Monday.
Zambia's largest copper miner, Konkola Copper Mines, will resume labor talks with its miners Tuesday following the return of a calmer atmosphere at its operations after strike action early this month, a union official told Dow Jones Newswires Monday.
Copper futures hit their highest level in more than a year Monday in response to dollar weakness and equity strength, although the metal pared its gains as some traders unwound long positions in order to book profits.
LONDON (Dow Jones)--A weaker dollar and rising equity markets lifted base metals higher Monday, led by copper's rally to a 14-month high.
-By Elisabeth Behrmann, Dow Jones Newswires; 61-2-8272-4689 elisabeth.behrmann@dowjones.com
(END) Dow Jones Newswires
November 23, 2009 23:22 ET (04:22 GMT)
TOP STORIES:
Zambia Sees Electricity Shortfall As Power Shunted To Mining
Refined Copper Market In 150,000 Tons Surplus In August -ICSG
STORIES OF INTEREST:
3rd UPDATE: Commodities Surge As Gold, Copper Attract Funds
Chile Spence Copper Miners Likely To Return To Work Wednesday
Zambia KCM, Miners Resume Labor Talks Tuesday-Union
MARKETS:
BASE METALS: Comex Copper Pares Gains, But Aided By Soft Dollar
BASE METALS: Copper Rallies To 14-Mo High On Dollar, Equities
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