With the company increasing its exposure to copper, the future trajectory of copper prices will play a greater role in determining the fortunes of the company. Copper prices fell quite considerably over the course of the last year, with London Metal Exchange copper prices averaging roughly $5,800 per ton in Q1 2015, as compared to approximately $7,100 per ton in Q1 2014. The decline in copper prices over the last year was mainly due to concerns over copper demand from China, due to recent signs of economic sluggishness. China is the world's largest consumer of copper, accounting for nearly 40% of the world’s demand for copper.
from http://ift.tt/1IsjlPO
No comments:
Post a Comment