Base Metals - US hedge funds want prices up for year end
Base metals were quiet until the New York opening, were ramped up on year end considerations and went back to sleep again.The copper price is up two and a half US cents per pound ($/lb.) at $3.125/lb.; aluminium one cent/lb. at 94 cents and lead and zinc both one and a half cents/lb. to $1.17/lb. and $1.455/lb. respectively. Even the nickel price moved from just below $5.30/lb. to just above.
Asiamet Resources is engaged in the business of acquiring and exploring mineral properties in Indonesia and has not yet determined whether its properties contain ore reserves that are economically recoverable. The recoverability of the amounts spent for mineral properties is dependent upon the existence of economically recoverable reserves, the ability of Co. to obtain the necessary financing to complete the exploration and development of its properties, and upon future profitable production or proceeds from the disposition of the properties.
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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