CAPITAL MARKETS

Copper prices strengthen on Phelps production cuts

COPPER prices rallied today after the world's second-largest copper producer, Phelps Dodge, announced last night that it would slash production by about 220,000 tonnes, resulting in the loss of 1500 jobs.

MiningNews.Net
Copper prices strengthen on Phelps production cuts

The news came a day after copper prices fell to their lowest level in 14 years, with three-month copper deliveries reaching $1364 a tonne. However, the copper market reacted strongly in London overnight...

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