Setting Our Sites on Low Cost Copper
Global Hunter's La Corona de Cobre project is over 15,000 hectares of land located in the Coast Range of the Andean Cordillera, Chile, an area often referred to as the Chilean Iron Belt.
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

Widget

Add Global Hunter Corp. widget to your own site or blog

Email Updates

Search

AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
  • Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More   |   *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

Message: Chile April trade surplus, copper revenues surge

Admin_profile
AGORACOM
Rank: [?]
Administrator
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Chile April trade surplus, copper revenues surge

posted on May 09, 11 10:46AM


SANTIAGO, May 9 (Reuters) - Chile posted a trade surplus of $1.58 billion in April, up 26.1 percent from a year earlier as imports surged, while copper export revenues jumped, the central bank said on Monday. Exports totaled about $7.15 billion during April, up 29.8 percent, while imports were about $5.57 billion, up 30.9 percent from the same month in 2010. Chile, the world's top copper producer, posted a trade surplus of $1.22 billion in March this year, according to central bank data released last month. The trade surplus during the January-April period rose to $6.148 billion from $6.013 billion in the same period last year. Chile's copper export revenues were up 22 percent to $3.728 billion in April from a year ago, boosted by strong prices for the metal. Copper shipments accounted for about 52 percent of total export revenue in April. Copper export revenue was down from $3.876 billion in March, the bank reported last month. Chile is the world's top copper producer, mining about one-third of global supply. Copper prices surged 31 percent in 2010 and hit an all-time high in February due to strong demand from China, though they have since eased back. Chilean imports have surged in recent months due to strong demand as the economy grows, soaring global energy prices and a strong peso, which is trading at around 3-year highs and makes imported goods relatively cheaper.

(Reporting by Brad Haynes; editing by Jeffrey Benkoe) Keywords: CHILE ECONOMY/TRADE (simon.gardner@thomsonreuters.com; +562-370-4250; Reuters Messaging: simon.gardner.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Source: http://classic.cnbc.com/id/42957081




New Message

Please login to post a reply