GLG News by Copper Mining Experts

- The nickel market is certainly facing a shortage in supply that is going to be mitigated by fresh addition in coming years.- Demand will play a crucial role in defining nickel price trends this year. 

 The need to reduce dependence on petroleum liquid fuels is global, the economics of biofuels is global, investment in biofuels is global, and it is in the interest of the US to make biofuels policy with global considerations in mind.

Long term gold precious price forecasts are generally non-published phenomena, so it is interesting to see Merrill Lynch's longer term opinion.Reasons for longer term gold include investor sentiment, fabrication demandThe author suggests several other longer term factors are also at play

- Freeport McMoRan (FM) and Phelps Dodge in a merger deal puts both companies 'in play' as targets for other groups-Whilst FM with its world beating asset seems like an obvious target initially, there are compelling reasons why Phelps should make just as good, if not better a takeover pos...

The article notes ever increasing highs for nickel and similar record trends for other base metals.One of the supports for high metals prices is tight inventories.Inventory lows are due to demand highs and a long period of under exploration up until 2003. In particular, new, large nickel projects are...

1. The total refined nickel imports, 3,536 metric tons came from Russia, followed by 2,552 metric tons from Australia and 1,662 metric tons from Canada.2. Chinese steel industry is totally depend upon the nickel imports3. This investment directly in mines makes huge changes in imports

What’s going on with the copper market? On a regular basis, I am asked for my opinion on what is happening in the copper industry and/or the copper market. While copper has been all over the news for the last year or so, it is newsworthy mainly because speculators drive the price.

In a friendly offer to purchase Phelps Dodge (PD), Freeport-McMoran (FCX) expects to improve its net value for its stakeholders, and determine its own destiny.I would expect to see huge synergies in the operations, which would save on the expense side of the balance sheet, despite the statement that...

- During 2006 high copper prices have had some negative effect in mining production that now seems to be overcome thanks also to expansions and start-up.- In the short-term the main concern comes from the development of copper usage. - In the long term copper usage should continue...

The growth of the Asian Market has set the course of metals pricing to new all time highs.  The market conditions have resulted in the exploration of new targets that include the so-called Duluth Complex in Northeast Minnesota just below the Canadian Border.  Exploration by companies such...