Thu, Jun 24, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Metals and Minerals more

China deal shows optimism over copper prices

Posted on 15 April 2014

It might not look like the time to be buying into copper: The price of the commodity has fallen 9.6% since the start of the year, in part because of concerns about China’s slowing economic growth. So why is a consortium led by a unit of China Minmetals Corp., a state-controlled miner, paying at least $5.8 billion for Glencore Xstrata PLC’s Las Bambas mine in Peru, one of China’s biggest mining acquisitions in years?
For one, China is taking a longer-term view. The nation consumes around 40% of world copper supply, a commodity used to make computers, refrigerators, cars, plumbing equipment and power lines, to name just a few applications………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
June 2021
S M T W T F S
« Nov    
 12345
6789101112
13141516171819
20212223242526
27282930