KGHM, Europe’s top copper miner, believes 2009 will be much more difficult as the lower demand for copper will impact their revenues. They are anticipating a consumer driven market with strong supply. Pawel Puchalski, analyst with BZ WBK in Warsaw, commented on KGHM’s current standings. It’s not that the company will sell less copper, but [...]
The top copper miner, KGHM KGHM.WA, in Europe anticipates a lower third quarter than the same time last year and may even go so far as to reduce their 2008 forecasts due to a lessening of certain copper products. We will close the third quarter with revenue lower than in the third quarter of [...]
WIth central banks cutting interest rates globally copper has narrowed its losses after having fallen more than seven percent with financial crisis concerns. The U.S. Federal Open Market Committee, the policy-setting arm of the U.S. Federal Reserve, cut benchmark lending rates by half a percentage point to 1.5 percent in an action coordinated with other central banks. [...]
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