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March 8, 2016 copper market dynamic express

 Last Update: 2022-11-29
 Source: Internet
 Author: User

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March 8 copper market development: 1.
Freeport-McMoRan agreed to sell part of its shares in the copper and gold mine in Serbia to Canada's
Lundin Mining Corporation for $263 million.
It is part of Freeport's
plan to divest assets to cut $5 billion in debt.

Copper Market Dynamics

Jackson Sinkamo, head of China's Jinchuan Group's Chibuluma copper mine in Zambia, said the company has massively cut copper production at the Chibuluma copper mine to reduce climbing costs
at a time when international copper prices are struggling.

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