Base Metals - Chinese buyers return
Having churned in London and New York, base metals have regained their mojo in Asian trading. The copper price, which was off a couple, has rebounded a sharp four US cents per pound ($/lb.) to $3.19/lb.; nickel followed and is over ten cents/lb. better at just over $5.40/lb.; aluminium had started to recover in Europe and the US and is now up one and a half cents/lb. at 97 cents/lb. Both lead & zinc dipped and then recovered in Asian trade. The lead price is up half a cent/lb. at $1.13/lb., while zinc is unchanged at $1.445/lb.Acacia Mining is a holding company. Through its subsidiaries, Co. is a gold producer in Tanzania. Co.'s primary business is the mining, processing and sale of gold. In addition, Co. produces copper and silver as a co-product. Co. has three operating mines located in Tanzania: North Mara gold mine; Bulyanhulu gold mine; and Buzwagi gold mine. Co. also has a portfolio of exploration projects located across Africa.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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