By Leia Michele Toovey- Exclusive to Copper Investing News It has been a volatile week for copper prices. On Wednesday, copper tumbled to its lowest price since March 2006 over concern of a global recession. Three-month copper on the London Metal Exchange (LME) closed at US$5,240 per tonne. Later on Wednesday, the U.S. Federal Reserve, European [...]
Katanga Mining reduced its output forecast due to low worker-productivity and the time needed to upgrade a processing plant. Toronto-based Katanga said: Copper production will total about 27,500 metric tons in 2008, down from 33,500 tons projected earlier. For more information, click here Click here for company’s website.
Southern Copper reported that it expects to produce 550,000 tonnes of copper in 2008, less than an earlier forecast of 650,000 tonnes. Chief Executive Oscar Gonzalez was quoted as saying: 360,000 tonnes would be produced in Peru and 190,000 tonnes in Mexico. For more information, click here Click here to visit company’s website.
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