The copper down cycle has taken a big bite out of the profits of Japan’s trading companies. This morning, Mitsubishi Corp., Japan’s biggest trading house, announced ¥430 billion (US$3.8 billion) in write downs on a list of commodities assets, starting with...
Peru’s Copper Exports Falter
But economic engine gathers steam for the long haul The Financial Times reports today that Peru’s government will name three international consultants to monitor the environmental impact of the $4.8-billion Conga gold and copper mine, the biggest single investment in...
A Model Trade Partner
US exports to Chile have soared since FTA took effect in 2004 by Bill Armbruster, blog anchor I caught Barbara Kotschwar, a Latin America specialist with the Washington-based Petersen Institute for International Economics, by surprise when I said I wanted to talk...
Copper Exports: Volume Down, Value Up
Chilean, Peruvian copper fetches record prices as shipments slip in 1H11 End of July, we looked at copper exports from top source Chile and top comer Peru through year-end 2010, when the price of copper began its climb toward a record US$10,000/ton [Copper Benchmark]....
Copper Benchmark
Peru is poised to boost copper output as global demand outstrips supply Glencore, the commodities trader whose May initial public offering raised $10 billion, has just paid $475 million in cash to CST Mining Group for a 70% interest in Marcobre S.A.C., sole owner of...
The Day the Earth Got Knocked off Its Axis …
… in other news, trade in wine, fish, fruit is disrupted The Chilean earthquake may have shifted the Earth’s axis by 3 inches and shortened the length of an earth day by about 1.26 microsecond NASA calculates. It has most certainly caused hundreds of casualties and...