Base Metals

Bloomberg reported that Australian miner PanAust Ltd. is trying to acquire copper assets in Chile and hopes to form a partnership with Codelco.

Bloomberg reported that Australian miner PanAust Ltd. is trying to acquire copper assets in Chile and hopes to form a partnership with Codelco.

As quoted in the market report:

PanAust is boosting investments as it expects copper to stay between $3.50 and $3.80 a pound this year on sustained demand and limited supply, he said. Codelco, which invested a record $4.2 billion in 2012, plans to spend more than $5 billion this year as it begins to dig underneath its century-old Chuquicamata mine to access new deposits.

To view the whole Bloomberg report, click here. 

MARKETS

Markets
TSX19885.94+307.64
TSXV669.72+5.89
DOW33309.51+535.10
S&P 5004210.24+87.77
NASD12854.80+360.88
ASX6992.70-37.10

COMMODITIES

Commodities
Gold1786.23-5.33
Silver20.50-0.09
Copper3.66+0.01
Palladium2239.00-9.00
Platinum948.00+2.00
Oil91.79-0.14
Heating Oil3.40-0.01
Natural Gas8.29+0.09

DOWNLOAD FREE REPORTS

×