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London copper eyes second monthly rise on tight supply SYDNEY: London copper eased on Monday in thin trade and as seasonal demand waned, but was still set to log its second straight monthly rise on a shortfall in metal supply. The global copper market was expected to swing into a surplus in 2014 for the first time in four years, but a ban on ore exports from Indonesia and lower than expected metal production in China has curbed supply, underpinning prices."There is still demand but there is not much supply," said Helen Lau, senior mining analyst at UOB-Kay Hian Securities in Hong Kong. "The situation is that there is a continuous inventory drawdown from the LME, China is not producing as much metal, and Freeport in Indonesia is not exporting concentrate."Three-month copper on the London Metal Exchange had slipped 0.2 percent to $6,934 a tonne by 0358 GMT, after closing little changed in the previous session when it reached ...

London copper slips but set for 2nd weekly gain on supply concerns SYDNEY: London copper edged down on Friday after rising 1 percent over the past two days but was on track to gain for the second straight week, underpinned by concerns about a shortfall in supply. The concerns have also helped push copper prices close to their highest since early March and could even lift them to their second consecutive monthly gain. A stoppage in ore shipments from Indonesia since January, as miners Freeport-McMoRan Copper & ...
London copper climbs towards 4-month peak on tight supply SYDNEY: London copper hovered near its highest in nearly four months on Thursday, with investors shrugging off weak growth in the United States and focusing on a shortfall in metal supply. Copper has clawed back nearly 10 percent from more than three-year lows reached in March, but is still down 6 percent this year. Seasonal demand is expected to wane going into the third quarter, though the shortage in supply is expected to keep a ...
London copper hovers near 3 week peak, supply crunch supports SYDNEY: London copper was treading water near a three-week high on Wednesday, underpinned by dwindling global exchange stocks, while summer holidays in the northern hemisphere curbed trading. Metals prices were lifted earlier this week after an upbeat reading of China's vast manufacturing sector showed its targeted stimulus is successfully filtering down to small private enterprises such as metals manufacturers. But with copper edging out of its seasonally strongest quarter for consumption, there is little on ...
Australia cuts 2015 iron ore, met coal price forecasts SYDNEY: Australia revised down its 2015 iron ore and metallurgical coal price forecasts as rising output of two of the country's biggest export earners outstrips demand, raising concerns for mining companies already struggling with shrinking profit margins. Robust growth in export tonnages meant Australia would still post an 11 percent rise in total export earnings for mineral and energy comodities in 2013-14, the Bureau of Resource and Energy Economics (BREE) said in a quarterly update. ...
Wheat bounces off 4-month low, corn extends loss SYDNEY: US wheat futures edged higher for the first time in four sessions on Wednesday, with buyers stepping in as prices hit four-month lows.Corn slipped for the third straight session as heavy rains across key growing regions in the United States boosted expectations for a bumper crop, while soybeans rose and cut their previous session's losses.Chicago Board of Trade front-month wheat rose 0.4 percent to $5.73 a bushel, having closed down 1.5 percent in the ...
Corn extends 2-day losses to 2.5pc on bumper crop expectations SYDNEY: US corn futures fell for the second session on Tuesday, with two-day losses hitting 2.5 percent as torrential rains across key growing regions added to expectations of a bumper crop.Wheat fell after the US Department of Agriculture pegged the rate of harvest above market expectations, offsetting support from fears that crops in the Plains could suffer quality downgrades.Soybeans also edged down as the USDA pegged the condition of the crop above market expectations.Chicago Board ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln