All Posts Tagged With: "Cerro Verde"
Copper Rockets up on Supply Concerns, but Lead Sinks More on Slack Demand
Doug Casey says: ” The Peruvian situation is provoking a lot of worry, even though it has yet to cause major disruptions, as it appears to be worsening. Miners at Peru’s largest copper-zinc pit, Antamina, owned by BHP Billiton, are on strike, but a company official said its effect on production was minimal. “
Base Metals Remain Stagnant
The base metals were mixed again on Wednesday. Copper sagged through the pre-dawn hours, but recaptured the lost ground during the New York session, finishing at $3.6395/lb., up a penny and a half.
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