gap up no.2

Dow hit the 12k mark

Copper prices set to spike

The price of copper hit a new record high today, as Australia's fiercest cyclone in decades neared the North Queensland coast.

The news that mining giant Xstrata is evacuating its copper refining and port operations in Townsville as cyclone Yasi approached helped to push the metal to as high as $9,985 a tonne. The Townsville plant produces around 300,000 tonnes of copper cathode a year, from ore extracted from the Mount Isa Mines in north west Queensland. The refinery is the largest of its kind in Australia, and employs around 220 people.


interesting day ahead for HOR....