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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: piscatologist who wrote (548)	7/18/2001 2:33:35 PM
From: Stephen O	Read Replies (2) \| Respond to of 1643

Copper (HGA <Cmdty> CT): U.S. home construction unexpectedly surged in June to the second-fastest pace this year, a government report showed. Builders started work on 1.658 million homes at an annual pace in June, up 3 percent from the 1.610 million-unit pace the previous month, the Commerce Department said. Last month's rate was the fastest since homes were started at a 1.666 million- unit pace in January. Construction is the biggest use for copper, accounting for about 40 percent of demand, according to the Copper Development Association, a New York industry group. Gold (GCA <Cmdty> CT): U.S. consumer prices rose more than expected in June as costs increased for services such as medical care and air travel, government figures showed. Consumer prices rose 0.2 percent after a 0.4 percent gain in May, the Labor Department said. Analysts expected a 0.1 percent rise. Some investors buy gold as a hedge against rising prices.

To: piscatologist who wrote (548)	7/19/2001 4:27:48 AM
From: craig crawford	Respond to of 1643

Tuesday July 17, 4:37 pm Eastern Time SPCC Reports Second Quarter Results biz.yahoo.com Metal prices were lower in the second quarter of 2001 compared with the year earlier period. The average price for copper on the London Metal Exchange (LME) in the second quarter of 2001 was 75 cents per pound compared with 79 cents in the year earlier period. The average price for molybdenum, one of the Company's principal by-products, was $2.46 per pound this quarter, compared with $2.68 in the second quarter of 2000. Silver, the other principal by-product averaged $4.38 per ounce on the COMEX in the second quarter of 2001, compared with $5.03 in the second quarter a year ago. Mine copper production decreased 7.3% to 170.8 million pounds in the second quarter of 2001 compared with the second quarter of last year. This decrease of 13.4 million pounds included 15.8 million pounds from the Cuajone mine, an increase of 6.1 million pounds from Toquepala mine and a decrease of 3.7 million pounds in solvent extraction/electrowinning (SX/EW) production. The treated mineral production decreased by 7% at the Cuajone mine during the second quarter of 2001, due to a 4-day stoppage caused by lack of energy and other damages to the facilities as a consequence of the June 23 earthquake in the south of Peru. Also, lower ore grades mined contributed to this decrease with respect to last year. Copper recovery in the process was 3% higher than last year however; this did not compensate the loss described above. Toquepala's increase in production was due to higher throughput at the Toquepala concentrator. The main reason for the 3.7 million pounds decrease in SX/EW production was a 4-day stoppage at the plant, because of a delay in transport of sulfuric acid caused by damage to the track lines of the Industrial Railroad occurred in the earthquake of June 23 and a decrease in the grade of PLS (Pregnant Leach Solution).