BASE METALS HIGHLIGHTS: Top Stories Of The Day- Pan Pacific Copper To Restart Fire-Damaged Smelter In Feb -Nikkei

Pan Pacific Copper To Restart Fire-Damaged Smelter In Feb -Nikkei
TOKYO (Nikkei)--Pan Pacific Copper Co., the largest copper smelter in Japan, intends to resume operations at its fire-damaged Saganoseki location on Feb. 14, The Nikkei reported in its Tuesday morning edition.

Chalco: Estimate 2011 Net Profit Down Over 50% On Aluminum Prices, Electricity CostsHONG KONG -(Dow Jones)- Aluminum Corp. of China Ltd. (2600.HK), or Chalco, said Monday it expects its net profit for the year ended Dec. 31 to have dropped more than 50% due to higher electricity costs and a sharp fall in aluminum prices in the fourth quarter on the back of the euro-zone debt crisis.
STORIES OF INTEREST:
Chile's 2011 Copper Output Falls 3.2% On The Year To 5.25M Tons
SANTIAGO (Dow Jones)--While Chile's copper production in December gained 2.2% on the year to 509,407 metric tons, production of the red metal in 2011 retreated 3.2% from the previous year to 5.25 million tons, the government statistics agency said Monday.
Union Calls On Vale To Discuss Safety In Wake Of Worker Death-Report
A steelworkers union official on Monday called on Vale (VALE) to sit down with the union to discuss health and safety issues in wake of Sunday's death of an employee at the company's Coleman mine in Levack, Ontario.
Zambia Mopani Copper Miners Reject 12% Pay Rise; Back To Work After Brief Strike
KAMPALA Uganda (Dow Jones)--Workers at Zambia's Mopani Copper Mines have rejected a 12% pay rise offer, a union official said Monday, in the latest wage dispute to hit the mining sector of Africa's largest copper-mining nation.
Cadmium Threatens Southern China City But Source Plugged - Xinhua
BEIJING (Dow Jones)--Cadmium pollution in a southern China river appeared to be flowing toward a city of 1.5 million people even as local officials were able to contain new leaks, state-controlled Xinhua news agency reported Sunday.
MARKETS:
BASE METALS: Greek Debt Worries Sink Copper
NEW YORK (Dow Jones)--Copper futures slumped 1.6% Monday as downbeat U.S. economic data, resurgent fears about Greece and a weaker euro stifled investor appetite for riskier assets like commodities.
-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; tatyana.shumsky@ dowjones.com

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