Ltd., majority owned by China Minmetals Corp., expects the
copper market to remain in surplus in 2013, with China driving
growth in the long term.
declined in the first half but we saw minimal price reaction to
disruption in supply in Indonesia and North America," chief
executive officer Andrew Michelmore said during a conference
growth will be helped by Chinas growth and
industrialization," he said, noting that Chinas economy
is growing at a rate of 7 to 7.5 percent per year.
gone away. We are getting a good price for copper cathode and
premiums have been strong," he said.
publication Metal Bulletins copper cathode
premiums were in a range of $160 to $190 per tonne c.i.f.
Shanghai Aug. 29, down from highs of $205 to $220 earlier in
Australia-based MMG expects total global refined copper
consumption to grow by 15 percent from 2012 to 2015, led by a
21-percent increase in Chinas refined copper
A version of this article was first published by AMM sister
publication Metal Bulletin.