Xstrata sees China use driving copper higher

Oct 28, 2005 | 06:26 PM |

Xstrata Plc, Zug, Switzerland, expects high copper prices to continue as the big diversified miner looks to build production, it said in a presentation to analysts.

Long-term support for the high copper price will come from Chinese demand, low copper stocks and positive economic growth, Andrew Greville, commercial general manager at Xstrata Copper, said.

In the United States, Xstrata expects rebuilding in the hurricane-hit Gulf Coast region to boost consumption. In Europe, German demand looks set to recover.....

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