Last Weekend AFR article under"BHP's top brass coy on copper"(p 12 & p13)
Deutsche Bank analyst Paul Young said this week that more than 90 copper mines were set to be shut down over the next decade and more than 14 million tonnes of potential supply growth over the next 6 years had been defferred. ......................
A lack of growth in copper won't inhibit BHP's overall expansion, as it owns projects in other commodities. But for a company whose corporate slogan is "resourcing the future,if it cannot to keep pace as copper demand grows in China and elsewhere, investors are bound to be disapponinted. ---------------------------------------end--------------
even I can not bring whole article for copyright matter, above contents are good for OZL's future as copper proucer.
Regards,
OZL Price at posting:
$14.45 Sentiment: None Disclosure: Held