Developing world will drive copper: MacKenzie
Apr 08, 2013 | 01:12 PM
| Andrea Hotter
SANTIAGO, Chile Anglo American Plc is "very positive" about its medium- to longer-term fundamentals despite the copper market moving into surplus, John MacKenzie, chief executive officer of the miners copper division, said.
"We see ongoing growth in demand, particularly from the industrializing, urbanizing countries like China and others," he said at the Center for Mining and Copper Studies annual Cesco Week in Santiago.
"China today accounts for around 40 percent of world copper demand, and we see it continuing to grow its global copper usage position to approaching 50 percent in 10 years," MacKenzie added. "I think well see a lot more growth coming from the Chinese market, all of which needs to be supplied from projects yet to be developed."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.