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Cormark Securities Ups Long-Term Copper Price Forecast

In its latest Base Metals update, Cormark Securities upped its forecast for long term copper prices from $2.75 to $3 per pound, citing concerns over supply. While the firm admitted that it might seem counterintuitive to put in bullish predictions now, when copper prices are low and oversupply is apparent, but it argued that higher prices will be needed to sustain the industry within the next few years.

Drill Tracker Weekly: RTG Extends Magnetite Skarns to Depth at Mabilo

RTG Mining announced step-out drill results from its Mabilo project in the Philippines. The project was acquired through a June 2014 merger with Australia-based Sierra Mining. The drilling contractor, Galeo, has a right to earn a 42-percent interest in the project (to a depth of 200 meters), by providing US$4.25 million in exploration drilling and management services.

Nevsun Resources: Good News, Bad News

Nevsun Resources has made headlines twice this week. Once for a new discovery southwest of its Bisha mine, and once for fresh allegations of the use of forced labor, this time from the United Nations. While the human rights allegations are worrying, the market still reacted positively to the company's latest discovery

Could China Use Aluminum Instead of Copper Wiring?

A few weeks ago, China's National Energy Administration made an announcement that may have caught the interest of copper investors. The regulator released nationwide industrial standards for the use of low-voltage aluminum alloy cables, meaning that China's state power grid could use aluminum alloys instead of copper for some types of wiring.