Mon Feb 7, 2011 4:03pm GMT
* At least 11 boats waiting to be loaded or unloaded
* Peru is world's second largest zinc producer
LIMA, feb 7 (Reuters) - A strike at Peru's main port was slowing down mineral exports on Monday as workers demanded better benefits in the world's No. 2 zinc producer, a union leader said.
There were at least 11 boats waiting to be loaded or unloaded at the port of Callao, Wilmer Esteves of the dock worker's union told Reuters. Workers had been protesting for better benefits for two weeks before going on strike.
The back-up occurred at a terminal used to export zinc and other minerals from Peru's central Andes.
Staff at the dock is "insufficient to complete the shipments," Peru's association of exporters known as Adex said.
The port is owned by the government and has sent Navy sailors to help load and unload boats.
(Reporting by Teresa Cespedes; Editing by John Picinich, sourced:Thomson Reuters)
Showing posts with label Zinc. Show all posts
Showing posts with label Zinc. Show all posts
Monday, February 7, 2011
Tuesday, February 1, 2011
Xstrata 2010 coal output down 6 pct, copper steady
* Annual coal output down 6 pct to 79.9 mln tonnes
* Mined copper up 0.7 pct, copper cathode off 1.6 pct
* Coal and copper Xstrata's most profitable products
LONDON Feb 1, 2011 (Reuters) 8:03am GMT
Mining group Xstrata Plc (XTA.L) released annual production and price data on Tuesday.
Details of main products are below in tonnes, except coal in millions of tonnes.
Commodity........ Y-Y Pct(%)........Chang FY 2010......FY 2009
Coal*........................ -5.7...................... 79.9................................ 84.7
Ferrochrome........... 48........................1,165,000...................... 786,000
Copper cathode....... -1.6...................... 715,499......................... 727,050
Mined copper.......... 0.7.........................913,469..........................906,898
Mined nickel............ 6.3..........................60,670............................57,052
Zinc metal................ - 7.2..................... 765,867............................ 825,208
Zinc concentrate...... -1.0......................1,022,252.........................1,032,755
*Coal figure excludes production from Prodeco
Details of selected prices are below in dollars per tonne, except ferrochrome in cents per pound.
Commodity................... Y-Y Pct(%)........Chang FY 2010.....FY 2009
Australian thermal coal......... 6.7........................ 85.70..................80.30
S.African thermal coal........... 9.3........................ 74.40..................68.10
Americas thermal coal........... -1.2........................ 72.60..................73.50
Australian coking coal............ 41........................ 204.30..................145.00
Ferrochrome........................... 46........................ 124.30..................85.00
LME copper............................. 49........................ 7,681.................... 5,150
LME nickel............................... 48........................ 21,809.................. 14,712
LME zinc.................................. 30........................ 2,159.................... 1,659
(Reporting by Julie Crust; editing by Paul Hoskins, sourced:reuters)
* Mined copper up 0.7 pct, copper cathode off 1.6 pct
* Coal and copper Xstrata's most profitable products
LONDON Feb 1, 2011 (Reuters) 8:03am GMT
Mining group Xstrata Plc (XTA.L) released annual production and price data on Tuesday.
Details of main products are below in tonnes, except coal in millions of tonnes.
Commodity........ Y-Y Pct(%)........Chang FY 2010......FY 2009
Coal*........................ -5.7...................... 79.9................................ 84.7
Ferrochrome........... 48........................1,165,000...................... 786,000
Copper cathode....... -1.6...................... 715,499......................... 727,050
Mined copper.......... 0.7.........................913,469..........................906,898
Mined nickel............ 6.3..........................60,670............................57,052
Zinc metal................ - 7.2..................... 765,867............................ 825,208
Zinc concentrate...... -1.0......................1,022,252.........................1,032,755
*Coal figure excludes production from Prodeco
Details of selected prices are below in dollars per tonne, except ferrochrome in cents per pound.
Commodity................... Y-Y Pct(%)........Chang FY 2010.....FY 2009
Australian thermal coal......... 6.7........................ 85.70..................80.30
S.African thermal coal........... 9.3........................ 74.40..................68.10
Americas thermal coal........... -1.2........................ 72.60..................73.50
Australian coking coal............ 41........................ 204.30..................145.00
Ferrochrome........................... 46........................ 124.30..................85.00
LME copper............................. 49........................ 7,681.................... 5,150
LME nickel............................... 48........................ 21,809.................. 14,712
LME zinc.................................. 30........................ 2,159.................... 1,659
(Reporting by Julie Crust; editing by Paul Hoskins, sourced:reuters)
Tuesday, January 25, 2011
LME launches new Asian Benchmark reference prices
London / Singapore, 24 January 2011
The London Metal Exchange LME has published its first set of Asian Benchmark prices – new unofficial three month futures prices for aluminium, copper and zinc, which will bring further transparency to Asian markets trading on the LME.
Recent growth in trading on LMEselect, the Exchange’s electronic trading platform, during the Asian time zones (before 07:00 London time) reflects the increasing demand in Asia for access to LME metal markets. Last year, three month futures trading on LMEselect during the Asian time zones more than doubled to 1,941,680 lots from 904,173 lots in 2009. In total, 14.0% of all three months futures trading on LMEselect was transacted during this period, compared with 10.1% in 2009.
The first Asian Benchmark prices
Aluminium – US$2432.00
Copper – US$9550.00
Zinc – US$2345.64
From today (24 January), Asian Benchmark prices will be derived from trading volumes on LMEselect between 3.00 pm and 3.15pm and published at 3.30pm on a daily basis (Singapore/ Hong Kong /Shanghai time) and 7.30 am in London. During British Summer Time (BST) prices will be published at 3.30 pm in Singapore/ Hong Kong and 8.30 am in London.
Liz Milan, Managing Director, LME Asia, said, “The new Asian Benchmark is a firm acknowledgement of the importance of Asian trading to the LME. The growth in Asian participation has been phenomenal over the last few years and these new reference prices will provide a transparent view of the sentiment across the continent’s key metal and financial markets.”
The Asian Benchmark will be available on LMElive and through the Exchange’s approved network of data vendors at no separate fee or licence cost.
The London Metal Exchange LME has published its first set of Asian Benchmark prices – new unofficial three month futures prices for aluminium, copper and zinc, which will bring further transparency to Asian markets trading on the LME.
Recent growth in trading on LMEselect, the Exchange’s electronic trading platform, during the Asian time zones (before 07:00 London time) reflects the increasing demand in Asia for access to LME metal markets. Last year, three month futures trading on LMEselect during the Asian time zones more than doubled to 1,941,680 lots from 904,173 lots in 2009. In total, 14.0% of all three months futures trading on LMEselect was transacted during this period, compared with 10.1% in 2009.
The first Asian Benchmark prices
Aluminium – US$2432.00
Copper – US$9550.00
Zinc – US$2345.64
From today (24 January), Asian Benchmark prices will be derived from trading volumes on LMEselect between 3.00 pm and 3.15pm and published at 3.30pm on a daily basis (Singapore/ Hong Kong /Shanghai time) and 7.30 am in London. During British Summer Time (BST) prices will be published at 3.30 pm in Singapore/ Hong Kong and 8.30 am in London.
Liz Milan, Managing Director, LME Asia, said, “The new Asian Benchmark is a firm acknowledgement of the importance of Asian trading to the LME. The growth in Asian participation has been phenomenal over the last few years and these new reference prices will provide a transparent view of the sentiment across the continent’s key metal and financial markets.”
The Asian Benchmark will be available on LMElive and through the Exchange’s approved network of data vendors at no separate fee or licence cost.
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