Chile’s Codelco CEO Sees Short-Term Copper Volatility

NASDAQ reports that this year, Corporacion Nacional del Cobre plans to produce 1.75 million metric tons of copper.

The market news is quoted as saying:

Copper also fell as protests across northern Africa and the Middle East boosted crude prices to their highest in more than two years. A $50-a-barrel gain in oil to a record would cut copper demand by about 640,000 tons this year, Deutsche Bank AG said in a report March 30.

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