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London copper steady, remains below 4-1/2 month peaks SYDNEY: London copper steadied on Tuesday, but remained below four-and-a-half month highs seen last week after a surprise drop in German industrial production tempered demand expectations. The dollar eased and global equity markets fell on Monday after the drop in German industrial output cooled a rally that sent various stock indices to record highs last week. Germany's industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, as holiday days ate into working hours, construction slumped and geopolitics weighed, casting a shadow on its role as euro zone motor. "Given what we saw out of Europe it's fair enough to see a little bit of hold in the rally," said analyst Dominic Schnider of UBS Wealth Management in Singapore. "We have a positive view on the economy overall.The newsflow from the US should be very good and the topping out from Europe ...

Wheat falls, set for quarterly loss of 16pc ahead of USDA report SYDNEY: US wheat futures, set to post its biggest quarterly loss in three-years, fell on Monday as traders squared positions ahead of a US Department of Agriculture report expected to show domestic stocks at a six-year low amid ample global supplies.Corn fell as the front-month contract was poised to finish the quarter down 12 percent, the sixth quarterly slide in the last seven, while soybeans was set to finish the quarter down 2.5 percent despite ...
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 ...
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. ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln