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%

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?

No but wishing I was for a quick quid.

I know, up again today I see.

I wonder if there will be a lot of profit taking sometime this month to complete the profit/loss for the tax year. Am expecting / hoping for a reversal soon. Sp seems to be running out of steam, imo.

Not bad time to get in HarryCat

bullshit!
now is NOT the time to be going long of base metal stocks

The copper price is dropping and opinion seems to suggest that the recent price movement in commodity stocks has got ahead of the market, so am happy to wait awhile. My opinion is that investors in these big market cap miners need to look at least medium term for a decent return on investment, so I suppose it doesn't really matter if you catch the absolute bottom of the cycle. My guess is that VED will go sub 300p, so will certainly be looking to add somewhere between 250 - 300p. Likewise maybe AAL, BLT, RIO, LMI, APC, ANTO etc.
A great deal of credence was given to the article by the CEO of GLEN that the commodity cycle was near to the bottom, so am ready with cash !!!

Deutsche Bank today upgrades its investment rating on Vedanta Resources PLC (LON:VED) to hold (from sell) and raised its price target to 260p (from 185p).

Jefferies International today reaffirms its underperform investment rating on Vedanta Resources PLC (LON:VED) and raised its price target to 200p (from 150p).

Credit Suisse today reaffirms its underperform investment rating on Vedanta Resources PLC (LON:VED) and raised its price target to 250p (from 230p).

4th Quarter update http://www.moneyam.com/action/news/showArticle?id=5288831