As reproduced in The Australian today. US Copper miners had...

As reproduced in The Australian today. US Copper miners had significant gains overnight on Wall Street.

*************************************************
Copper rises on China output cut


AGENCY WRITERS
Copper futures and shares of mining companies popped Wednesday after some of China’s smelters agreed to cut production.

Copper futures for March delivery gained 3.25 per cent to close at $US4.05 a pound, their highest settlement value in nearly 11 months. Shares of diggers Freeport-McMoRan and Southern Copper were recently up 7.9 per cent and 11 per cent, respectively.

The production cuts were reported by Reuters, which said China’s top smelters agreed Wednesday to reduce production at some loss-making plants to cope with a shortage of raw material.
Copper smelting plants typically use heat and chemicals to separate the metal from impurities.
– Dow Jones