| Boliden AB metals company has released its Year-end Report 2011. It says that global demand for base metals continued good during the fourth quarter, remaining on a par with levels in the previous quarter and increasing in comparison with the fourth quarter of 2010. The European metals market weakened, however, during the period and base metal prices were, on average, lower in both USD and SEK than in the preceding quarter.
Boliden’s revenues totalled SEK 9,716 million (SEK 10,120 m). Sales fell in comparison with the previous quarter as a result of lower prices for all metals and lower volumes. The weaker European market has resulted in a higher percentage of sales being made to metal trading companies, and hence, in lower metal premiums. (Press Release)
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