News of Month - February 2009
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Title
Nickel declines on lack of demand
Malaysia tin up $170/tonne
Japan zinc exports fall 4.9%
China manganese up, supply slips
Copper gains, tracking equities
Tin improves on global cues
Malaysia tin up $45/tonne
Nalco sells 30,000 t alumina
Spot rubber declines further
Spot rubber turns weak
Metals gain on revival hopes
Nickel moves up on demand
Malaysia tin down $95/tonne
Rubber demand likely to slow down
Spot rubber rules steady
Aluminium at 7-year low
Copper moves up on buying
Malaysia tin up $150/tonne
Mixed trend in rubber
Tokyo rubber futures gain
Hind Zinc silver output to touch 100 tonnes this fiscal Expansion of Sindesar Khurd mine in Rajasthan to boost domestic ancillary industry
The world nickel market was in 54,100 tonne surplus in 2008, the World Bureau of Metal Statistics said. Mine production was down 1.3 per cent at 1.54 million tonnes in 2008 while refined production fell 5.9 per cent to 1.37 million tonnes due to lower mining output in China and Japan. Refined production in 2008 was 1.37 million tonnes and demand was 1.32 million tonnes. World demand fell 2.8 per cent in 2008. No allowance is made in the consumption calculation for unreported stock changes. In December nickel smelter production was 115,800 tonnes and consumption was 105,100 tonnes.
World nickel market in surplus
Malaysia tin declines $450/tonne
China refined copper imports down
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