Vedanta Resources is a diversified and integrated metals and mining group with annual sales of $1.9bn. Its principal operations are located in India, where it has a major market share in each of our main metals: aluminium, copper, zinc and lead. There are also substantial copper operations in Zambia and 2 copper mines in Australia.

            Red = 25 day moving average.           Green = 200 day moving average.

                        

Copper - (6 month graph)

SALES PER ACTIVITY (Data as of 31/03/2006)

Copper:      60%
Zinc:         24%
Aluminium:  12%
Others:       4%

Deutsche Bank today reaffirms its sell investment rating on Vedanta Resources PLC (LON:VED) and cut its price target to 185p (from 200p).

Looking at the VED chart amongst others, it's tempting to think that the commodity cycle has turned, as suggested by GLEN CEO yesterday.

of the 3 players above, VED is very much the laggard, with KAZ roaring through on the rails

It's difficult to judge whether this is the turning point or just a trading bounce / value trap. AAL is also steaming away, but looking overbought, imo. The other problem is knowing which companies are crippled by debt and unable to meet their covenants, thus unable to pay a divi, which are ripe for a t/o bid and which are going to survive.

i have heard that copper is the key to watch for base metal price recovery
both ANTO and KAZ major in this element, but i don't know about VED

Copper not exactly flying though is it ,that's why i don't quite get KAZ ,i'm not complaining though .

Any idea how to post a live copper chart here or on the KAZ page? I can find the data but not sure how to post from another website.

i'm a dinosaur with the brain of a brachiosaurus

http://www.kitconet.com/charts/metals/base/spot-copper-5y-Large.gif

http://www.kitconet.com/charts/metals/base/spot-copper-1y-Large.gif

good start, but better over a short(er) period :-)

aha ...... try this link
http://www.infomine.com/investment/metal-prices/copper/

Come on cynic learn how to post a link to a website , i thought i was bad ,i'm a proper dinosaur when it comes to tech .

try this
http://www.infomine.com/investment/metal-prices/copper/

http://www.infomine.com/investment/metal-prices/copper/

Up another 20% today!!! Opinion on Bloomberg seems to think that this is a momentum surge and not supported by fundamental change in the commodity market.

A few Miners on my W/L up today as well, some double figure increases like Ved.

What do you reckon Stan.....the start of the upturn in the commodity cycle or just a trading bounce? Have been watching this sector intently for a few months and the entry point isn't far away, imo.

Don't know to be honest Harry, I'm resisting individual stocks and most sectors Insurance aside and just index trading for now.

But doesn't it make you wish you were in with the rise over the last few days.

It certainly does BB but there again I just don't trust this rise for some reason I can't explain so not getting very tempted, are you in these?