Copper for delivery in three months fell 0.8 percent or $52.90 to $6,613 per tonne on the London Metal Exchange, Bloomberg Businessweek reported.
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Copper for delivery in three months on the London Metal Exchange fell 0.3 percent or $19.96 to $6,652 per tonne, according to Bloomberg Businessweek. Stockpiles of the metal are at their lowest since November 2012.
Mining.com reported that Chilean miner Codelco is currently being represented by the country’s State Defense Council in a suit against 22 people who purportedly robbed the mine of millions of dollars worth of copper.
Mining.com reported that Chinese imports of copper and iron appear to have been largely unaffected by surprisingly weak economic data from the Asian nation.
Copper for delivery in three months on the London Metal Exchange fell 0.5 percent or $33.18 on Wednesday to trade at $6,636.50 per tonne, according to The Wall Street Journal.
Reuters reported today that Japanese copper output is expected to increase by 4.4% from now until the end of the year compared with the latter two thirds of 2013. Local copper demand is rising with increasing urban development and infrastructure refurbishment.
Copper for delivery in three months on the London Metal Exchange traded at $6,675 per tonne on Monday, up 0.9 percent or $60.08 from low March prices, according to Reuters.
Bloomberg Businessweek reported today that Copper prices have dropped 0.7 percent on the LME since an 8.2 magnitude earthquake put Chilean mines in danger on April 1. Industry leaders will discuss falling prices for the metal at Cesco 2014, the industry's annual meetup taking place this week in Santiago. Talks will likely focus on Chinese stimulus efforts as well as the anticipated copper surplus for this year.
Reuters reported today that Freeport McMoRan Copper & Gold Inc and Indonesia's Aneka Tambang may not be ready with a joint copper smelter venture before Indonesia bans concentrate exports in 2017. This could cause dramatically reduced copper output in the future, as PT Smelting, currently the only copper smelter in Indonesia, is only capable of processing 20% of the national output of concentrate.
Reuters reported that most Chilean mines seem to have held up well against a recent 8.2 magnitude earthquake in the mineral rich region. No damage was reported to the Collahuasi copper mine, and Coldeco, Antofagasta and Teck Resources all said that their mines were functioning well.