Ann: Quarterly Cashflow Report, page-8

Well....CU is rebounding a little bit....

Here some statements that I have found in the WWW

"More than half of a $110 billion pipeline of copper and gold mines have been postponed or scrapped
because of the commodity slump and higher costs in Chile, which provides a third of the world’s copper, according to the country’s mining association, known as Sonami. Anglo American and Glencorehave delayed a $1 billion expansion at their Collahuasicopper venture, TeckResources held back its QuebradaBlanca expansion on lower copper prices and Antofagasta has said it will sit out the slowdown in commodities demand before embarking on an expansion to its flagship Los Pelambresmine." Bloomberg, Jan 2015

"Citigroup expects copper to rebound to $7,000 a tonne in the second half of the year (2015) on increasingly positive supply demand fundamentals. Copper will rebound from its lowest level since the financial crisis as demand from construction in China picks up, according to He Jinbi, president of Maike, which invests in mines, trades futures, and is the largest importer of copper cathodes into China." Financial Times, Jan 2015

"On the supply side, the majors have in the last few years focused on cutting costs at existing operations. That's obviously great for their bottom lines today. However, it also means new mines and greenfield developments are being deferred. So by 2017–2018 we will face the consequence of a lack of new supply, which is demand outweighing supply."Hayward Securities, Oct2014

The global copper industry will need to add the equivalent of a new Escondidamine every 15 months over the next 10 years in order to meet global demand, Rio Tinto’s (LON:RIO) copper boss Jean-SébastienJacques told FT.com

"Australia’s Bureau of Resource and Energy Economics forecast a worldwide surplus of 300,000 tonnes for this year, but both BHP and Rio believe the market will tighten from 2018, with growing deficits." mining.com, Jan 2015

and finally this view which rounds up more or less what have been said above:

http://copperinvestingnews.com/2297...ces-higher-china-india-barrick-abx-chile.html