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Cochilco raises 2009 average copper price outlook to $2.30/lb but trims output forecasts
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Chile's state copper think tank, Cochilco, on Wednesday raised its 2009 average copper price outlook to $2.30 per lb from $1.95, but slightly trimmed its 2009 copper output forecast to 5.38 million tonnes.
The think tank also raised its copper price forecast for 2010 to an average of $2.70 per lb from $2.10 per lb, citing dynamic Chinese demand and expectations of a recovery of developed economies from global crisis.
Mining companies are paying more bucks for their bang | U.S. | Reuters
The price rises have added to explosives companies' profits but for miners it is an added cost, along with higher diesel, energy and labor expenses, narrowing their margins at a time when metals and coal are in big demand.
Solaria Panels Win Backing Of Germany's Q-Cells - WSJ.com
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Germany's Q-Cells AG, the world's second-largest manufacturer of solar cells
by volume, is throwing funding as well as manufacturing muscle behind a
California start-up's new technology to lower the cost of generating electricity
from the sun's rays.
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