Base Metals - Prices moving up again, led by copper
BHP Billiton’s (BLT) comments on the coming Electric Vehicle revolution and its impact on copper demand provided the spark for another rally. The copper price has jumped five and a half US cents per pound ($/lb.) to $2.955/lb.; nickel is up a little at just over $4.65/lb.; aluminium is unchanged at 95.5 cents/lb.; lead gained one cent/lb. to $1.125/lb. and zinc is half a cent/lb. better at $1.44/lb.If copper prices hold their gains by quarter end, this will represent its fifth quarterly rise in a row.
Firestone Diamonds is a holding company. Through its subsidiaries, Co. operates as a diamond producer and is engaged in the development of, and commercial production from, the Liqhobong Diamond Mine (Liqhobong) in Lesotho, Southern Africa. As of June 30 2017, Co. owned 75.0% of Liqhobong.
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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