June « 2009 « Metal Industry India

Market: Aussie stocks follow global slide

Tuesday, June 30th, 2009

SOUTH Australian stocks were in sync with a wave of sales on the first day of the financial year as investors traded in a sea of red. At 1200 AEST, the benchmark S&P/ASX200 index was down 80.1 points, or 2.03 per cent, at 3,874.

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UPDATE 2-Chinalco likely to back Rio rights issue-source

Tuesday, June 30th, 2009

SYDNEY, July 1 (Reuters) - China's state-owned Chinalco is likely to participate in global miner Rio Tinto Ltd's $15.

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Australian share market still in the red

Tuesday, June 30th, 2009

At 1200 AEST, the benchmark S&P/ASX200 index was down 80.1 points, or 2.03 per cent, at 3,874.8 points, while the broader All Ordinaries index had fallen 75.7 points, or 1.92 per cent, to 3,872.1 points.

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Chinese steel mills still chasing bigger price cut after deadline

Tuesday, June 30th, 2009

Shanghai. July 1. INTERFAX-CHINA - Chinese steel mills are still holding out for a larger benchmark price cut for long-term iron ore deliveries in 2009, irrespective of the fact that negotiations with the world's top three iron ore miners have passed

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Gold firms a day after sell-off

Tuesday, June 30th, 2009

By Risa Maeda TOKYO (Reuters) - Gold edged higher on Wednesday, taking a breather after falling more than 1 percent the previous day when a stronger dollar prompted broad-based selling across the commodities sector.

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Hulamin: BHP Billiton to keep up supply

Tuesday, June 30th, 2009

BHP Billiton had agreed to supply Hulamin with raw materials until December next year, after the mining company warned that a local smelter might be unviable, Hulamin said yesterday.

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