Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Wednesday, April 09, 2008

Wednesday News Bump

China Copper Ore Imports to Rise 20% for Buildings, Roads, Trafigura Says China, the world's biggest copper consumer, may increase imports of ore used to make the metal by 20 percent to a record this year, said Trafigura Beheer BV, the country's top supplier.China Nuclear Seeks Canadian Purchase, Partner to Boost Uranium Reserves China National Nuclear Corp., the nation's largest nuclear power plant builder, said it is looking for Canadian acquisitions or partners to help boost uranium reserves and its plans to sell reactors in North America.

Egypt's Soaring Food Prices Bring Bread Lines, Protests, Deficit Pressure Atyat Musa Bakri, a Cairo mother of nine children, was waiting in line to buy subsidized bread for the third time in one day.

China's Oilseed Output May Increase This Year, Slow Imports, Official Says China, the world's biggest vegetable oil consumer, may boost output of oilseeds by about 9 percent in 2008, compared with a year earlier, a planting analyst at the Ministry of Agriculture said.
Crude Oil Trades Near $109 a Barrel in New York on Growth in Asian Demand Crude oil traded little changed near $109 a barrel in New York, as demand growth in China and other Asian economies countered a forecast drop in U.S. consumption.

Gold Slides for Second Day in London as Equities Decline Spurs Selling Gold dropped for a second consecutive day in London as a decline in Asian and European stocks spurred some investors to sell bullion. Silver and platinum also fell.

Labels: , , , ,

Check out my new gold and energy blog at