Throughout history, coal has been used as an energy resource, primarily burned for the production of electricity and heat, and is also used for industrial purposes, such as refining metals.
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Cominco Ltd . may fall after zinc dropped as much 2.2 percent in London on expectations global supply of the refined metal remains ample in the face of slowing Asian consumption.
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In contrast, strikes at copper mines, including the world's largest, have had a much smaller impact on prices because they weren't viewed as having any immediate effect on the supply of refined metal.
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In NEW YORK, copper was steady amid expectations that robust demand for copper from U . S . pipe and wire makers will offset weakening Asian demand and rising supplies of refined metal.
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Cominco Ltd . may fall after zinc dropped as much 2 . 2 percent in London on expectations global supply of the refined metal remains ample in the face of slowing Asian consumption.
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Exports of industrial goods-- including iron and refined metals-- rose for a third straight month, " reflecting a return to healthier production in the U . S . in the third quarter ."
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The study group's revised figures show that global use of zinc rose to a record high of 7.37 million tons last year while refined metal production was 2.2 per cent higher at 7.29 million.
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"The minute the smelter started up you knew it was going to start to create more and more of a surplus of refined metal, " said Ted Arnold, an analyst at Merrill Lynch & Co . in London.
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Three-month forward nickel prices dropped US $ 70 to US $ 6, 280 a metric ton after concern eased that deliveries of the refined metal because of a labor union blockade at a New Caledonia port may be resumed.
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"The minute the smelter started up you knew it was going to start to create more and more of a surplus of refined metal, " said Ted Arnold, an analyst at Merrill Lynch & AMP; Co . in London.
How to say refined metal in Hindi and what is the meaning of refined metal in Hindi? refined metal Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
