Sector Overview - Copper prices hit hard, will they bounce today?
Copper was wacked by profit taking in London, while no recovery has been seen in New York and Asia. The price is currently down five and a half US dollars per pound ($/lb.) at $2.955/lb.; nickel lost fifteen cents/lb. to $5.15/lb.; aluminium was down a full cent/lb., but has rallied half that to 95 cents/lb. as lower Chinese production statistics encouraged. Lead was unchanged at $1.03/lb. and zinc slipped a half cent/lb. to $1.38/lb.Anglo Asian Mining's principal activity is that of a holding Co. and a provider of support and management services to its main operating subsidiary R.V. Investment Group Services. Co., together with its subsidiaries (the Group), owns and operates gold, silver and copper producing properties in the Republic of Azerbaijan. It also explores for and develops other potential gold and copper deposits in Azerbaijan. The Group's primary operating site is Gedabek, which is the location of the Group's main gold, silver and copper open pit mine and Gadir, an underground mine.
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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