Base Metals - Copper breaks out above US$3.00/lb.
The copper price has broken above US$3.00 per pound ($/lb.) on continued speculation over supply/demand developments, particularly in China. It now trades at $3.035/lb. up five and a half dollars/lb.Nickel slipped a couple closer to $5.25/lb.; aluminium is off a tad at closer to 95.5 cents/lb.; lead lost two cents/lb. to $1.055/lb. and zinc was unchanged at $1.41/lb.
The Democratic Republic of Congo estimated that first half copper production jumped 15%, while that for cobalt was up even more, further suggesting that the recent rise in prices are speculative bubbles.
Griffin Mining is an investment holding company. Through its subsidiaries, Co. is engaged in zinc mining and development and gold exploration, particularly in the Caijiaying mine, Hebei Province, the People's Republic of China.
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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