|
Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 02/08/2011 : 20:24:32
|
Australian cyclone pushes copper prices to new high
The main body of the category five storm is 500km wide, with associated winds affecting an area more than 2,000km across - large enough to stretch between London and St Petersburg in Russia.
The price of copper hit a new record high today, as Australia's fiercest cyclone in decades neared the North Queensland coast.
The news that mining giant Xstrata is evacuating its copper refining and port operations in Townsville as cyclone Yasi approached helped to push the metal to as high as $9,985 a tonne. The Townsville plant produces around 300,000 tonnes of copper cathode a year, from ore extracted from the Mount Isa Mines in north west Queensland. The refinery is the largest of its kind in Australia, and employs around 220 people.
More info
You must be logged in to see this link.
|
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
Cyclone pushes copper prices to new high
Forum Locked
