Copper-Mine Expansion to New Regions Seen Needed to Curb Near Record Price

Bloomberg reported that copper demand will require the copper mining industry to expand to new regions.

The market news is quoted as saying:

So far, the industry’s reaction to record prices has been slow because of declining ore grades, the need for deeper mines and higher costs, Juan Carlos Guajardo, executive director of the Center for Copper & Mining Studies, said yesterday.

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