#Copper – Light at the end of the tunnel?

#Peruvian production of mined #Copper jumped by a staggering 51.5 percent to 1.12 million tonnes in the first half of this year. National output was 741,000 tonnes in the year-earlier period, according to #Peru’s ministry of energy and mines.

#Chilean production, meanwhile, has been trending lower at an accelerating pace this year and #Codelco, the country’s top producer, has switched its attention to cutting costs with serious implications for medium-term production prospects.

It is still a distant light as the market soaks up the Peruvian mine surge.

Read more at: http://www.reuters.com/article/us-peru-copper-ahome-idUSKCN10T10R

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s