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Copper prices remain under pressure
November 23, 2008: AUSTRALIA is on track to record its lowest annual
gold production in 20 years, but prices for the precious metal are at
record highs, a report says.
Production in the September quarter rose slightly from the previous
quarter, with output totalling 56 tonnes, mining consultants Surbiton
Associates said. However, it was still the third lowest quarterly
production figure in 20 years, Surbiton Associates director Sandra Close
said.
gold production in 20 years, but prices for the precious metal are at
record highs, a report says.
Production in the September quarter rose slightly from the previous
quarter, with output totalling 56 tonnes, mining consultants Surbiton
Associates said. However, it was still the third lowest quarterly
production figure in 20 years, Surbiton Associates director Sandra Close
said.
Gold production set for record low
November 22, 2008: COPPER surrendered a portion of its short-covering
recovery from new 3-year lows as sellers sat ready and willing to puncture
any price bounce amid a still-bearish demand outlook for the industrial
metal. "The most industrial of the commodities are going to do the worst,
so it's not hard to understand the short-covering rally that we had earlier in
the day and then the very willing selling component still pressing
recovery from new 3-year lows as sellers sat ready and willing to puncture
any price bounce amid a still-bearish demand outlook for the industrial
metal. "The most industrial of the commodities are going to do the worst,
so it's not hard to understand the short-covering rally that we had earlier in
the day and then the very willing selling component still pressing
that market lower ...
coming all the way back
down to unchanged
late in the day," said
David Meger, metals
analyst with
Chicago-based Alaron
Trading.
Copper for March
delivery edged down to
$US1.5790 a pound on
....MORE
coming all the way back
down to unchanged
late in the day," said
David Meger, metals
analyst with
Chicago-based Alaron
Trading.
Copper for March
delivery edged down to
$US1.5790 a pound on
....MORE
It looks as though Australia's
gold production for the full
2008 year will be the lowest
since 1989,'' Dr Close said.
"It will be somewhere
between 25 to 30 per cent
lower than the peak year of
1997.''
Offsetting the lower output is
...More.
gold production for the full
2008 year will be the lowest
since 1989,'' Dr Close said.
"It will be somewhere
between 25 to 30 per cent
lower than the peak year of
1997.''
Offsetting the lower output is
...More.