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Congo Stability That Quintupled Copper Output at Risk in Presidential Vote
Nov. 28, 2011 11:59AM PST
Base Metals Investing Bloomberg reported that the Democratic Republic of Congo’s copper output has increased five-fold since the last vote due to the instability related to the recent Presidential elections.
Bloomberg reported that the Democratic Republic of Congo’s copper output has increased five-fold since the last vote due to the instability related to the recent Presidential elections.
As quoted in the market news:
Congo boosted copper exports to 500,000 metric tons from 100,000 tons during those five years, according to central bank data, as companies including Freeport McMoRan Copper & Gold Inc. (FCX), Glencore International Plc and Eurasian Natural Resources Corp. (ENRC) expanded projects in the Central African country.
