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Pundits have copper in short supply from next year

Posted on 25 October 2010

From Mineweb.co.za: Copper’s talking up a storm. Sumitomo Metal Mining Co. said copper ore mined from Chile, and shipped to Indonesia, will be in short supply for at least the next five years. Antofagasta Plc, which owns three Chilean mines, said a scarcity will persist for “the foreseeable future.”
BHP Billiton Ltd. said production from Escondida in Chile, the world’s biggest copper mine, will drop as much as 10 percent in 2011because of lower ore grades……………………………………….Full Article: Source


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VRS - who has written 38189 posts on Opalesque Commodities Briefing.


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