Xstrata bullish on world copper consumptionGLOBAL mining giant...

Xstrata bullish on world copper consumption

GLOBAL mining giant Xstrata Copper is pushing ahead with its plans to increase copper output by 60 per over the next three years, shrugging off warnings by its rivals of slowing growth projects.

"Our view has always been that this decade will see generally tight conditions, therefore good conditions to be delivering copper," he said.

Xstrata is in the process of finalising a $US90bn merger with commodities trader Glencore that will see the combined entity become one of the largest copper producers in the world, if not the largest.

"Our view has always been that this decade will see generally tight conditions, therefore good conditions to be delivering copper," he said.

Xstrata is in the process of finalising a $US90bn merger with commodities trader Glencore that will see the combined entity become one of the largest copper producers in the world, if not the largest.

http://www.theaustralian.com.au/business/mining-energy/xstrata-bullish-on-world-copper-consumption/story-e6frg9df-1226363920640

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