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Trade Service
February 26 copper market news: 1.
Peruvian President Humala recently inspected the Las Bambas copper mine invested and operated by China Minmetals, and after visiting the production facilities, the president said that Las Bambas will drive the country's GDP growth by 0.
5% to 1%.
The IMF had predicted that Peru's growth in 2015 would be only 2.
7 percent, but it turned out that we reached 3.
26 percent," Humala added
.
At the same time, it pointed out that the Las Bambas project has an investment of 11 billion US dollars, and when fully produced, it will become the second largest mine in Latin America
.
At the same time, the project has created 18,000 direct local jobs and 90% of the engineers are Peruvian nationals
.
2.
Customs data show that since August 27 last year, copper stocks on the Shanghai Futures Exchange have increased by more than 140,000 tons, reaching 277,000 tons, and inventories have more than doubled, reaching a record high
.
Refined copper imports surged 34.
4 percent in December from a year earlier, reaching record levels
.
