Copper trading volumes declined

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Source: Commodityonline
© Scanpix/RS

Copper trading volumes declined by 42% in five days as market sentiment was affected by further European summit. Trade volume of copper futures for March delivery decreased from 37,563 to 65,750. Open interest remained steady at about 70,000 with only 500 position decrease since November.

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Thu, 08 Dec 2011 15:32:15 GMT

Dam building on Mekong River postponed again

The project of building the first hydro-power dam on the lower Mekong has been delayed again due to environmental concerns. The project will allow Laos to generate additional power that was planned to be sold to Thailand. However, opponents claim the dam will impact fragile ecology and people living downstream of the river.

Thu, 08 Dec 2011 16:36:59 GMT

Hang Seng Index ends lower as Europe outlook worsens

On Thursday Hong Kong's Hang Seng Index lost 0.7% or 132.77 points and closed at 19,107.81, as investors were concerned about the outcome of upcoming summit, ECB decisions on interest rate as well as German government's refusal to operate two bailouts simultaneously. Shares of companies that are highly exposed to Chinese markets provided most negative contribution. Tsingtao Brewery Co. fell 3.2%, Gome Electrical Appliances Holding Ltd. declined

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