| Inventories worth $2bn could signal the next round of copper-collateral financing. The Santiago marathon may have just ended Sunday, but for the world’s largest miners and traders attending the industry’s annual gathering in the city, the five-year slump in copper prices is turning into an endless slog.
A brief three-month rally in copper prices this year has fizzled out, and attendees at Cesco Week World Copper Summit see few signs that China’s demand is improving. As the conference opened Monday, copper fell to its lowest level in a month, and was trading at $4,773 a tonne on Tuesday morning...............................................Full Article: Source
|