COLUMN-Minding the gaps in the copper cost curve: Andy Home LONDON, July 30- When the going gets tough, there's always the cost curve. On the London Metal Exchange, benchmark three-month copper this week hit a low of $5,164 per tonne, a level last seen in 2009.. So far only a handful of smaller mines have been shuttered but this week brought news that Freeport McMoRan, one of the world's biggest copper producers, is running the...
| By: Andy Home
UPDATE 1-China June industrial profits fall 0.3 pct y/y BEIJING, July 27- Chinese industrial profits, which rose on an annual basis in April and May, dropped in June, adding to pressures on a economy that is struggling to regain momentum. Profit at China's industrial firms dropped 0.3 percent in June from a year earlier, the National Bureau of Statistics said on Monday. In June, China's producer price index fell 4.8...
UPDATE 1-China home prices rise for second month in June BEIJING, July 18- Chinese home prices rose for a second month in a row in June, on a monthly basis, indicating that government efforts to boost the struggling property sector have started to gain traction. Average new home prices across China rose 0.4 percent in June versus May, according to Reuters calculations from official data published on Saturday.
| By: Xiaoyi Shao and Megha Rajagopalan
China's surprise 7% growth: Believe it or not? China' s economic growth for the second quarter beat expectations, rising 7 percent from a year earlier, spurring some analysts to cry foul and others to say I told you so. We sifted through the reactions to Wednesday's unexpectedly steady numbers, so you don't have to. Here's what the experts are saying.
| By: Leslie Shaffer