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Falling prices put pressure on high-cost copper miners

Posted on 07 April 2014

High-cost copper miners face a stark choice between cutting production and sustaining losses for the first time in a decade following last month’s sharp fall in prices. The red metal, which is used extensively in construction and electrical goods, fell to a three-year low in March amid concerns about global oversupply and slowing Chinese demand.
At current prices analysts estimate that miners responsible for 10 per cent of global production are losing money………………………………………..Full Article: Source


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