Chile’s second-biggest mining association, Sonami, on Tuesday forecast Chilean copper output will increase 1.3 percent this year from 2008 to 5.4 million tonnes, more than 100,000 tonnes less than earlier forecast. For full story, click here
China has started to purchase copper in a big way again. As part of the country’s strategy to make use of the recessionary trends in the global markets, China has increased its copper buying in the past few months. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Data released Thursday showing a further deterioration in the manufacturing sector snapped copper’s positive trend. Copper for March delivery shed 3.10 cents to close at $1.50 a lb on the New York Mercantile Exchange’s COMEX division. COMEX copper had gained nearly 7 per cent during the [...]
Metorex Ltd. will invest $400 million over the next five years to increase its copper output by five times. For more information, click here For company’s website, click here
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