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article afr: china good for copper: xstrata

  1. Clarke79
    213 Posts.
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    23/05/12
    08:40
    Post #: 10210736
    Guys, page 20 of the financial review today by Jamie freed. Good article on xstrata's view on copper:

    Some key points:

    -Chinas demand for copper should improve second half of year
    -US showing good signs for copper demand
    -Xstrata in middle of $US 7 bill expansion program to boost copper production from 890k to 1.5m within 3 years
    -Xstrata committed to these projects over next 2-3years
    -Xstrata copper division has other projects with potential to produce another 2mill of copper a year in early studies

    Cheers
    AVB Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 15  Upvote
    lightbulb Created with Sketch.  Great analysis
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