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Recent global copper supply growth ‘unsustainable’

Posted on 27 October 2016

The recent growth in global copper output is unsustainable now that most of the new projects have been completed and copper prices have remained low, Freeport-McMoRan President and CEO Richard Adkerson said Tuesday.
Speaking to investors and analysts in a third-quarter conference call, Adkerson acknowledged that copper supply had risen substantially in recent years, mainly due to new production projects at mines and mills. “We were a big part of that; we had three big projects we started in the 2010 timeframe that have been completed now,” he said…………………………………Full Article: Source


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