- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Japan's Biggest Copper Smelter Sees Delay in Price Recovery
Reuters reported that Japan’s largest copper smelter, JX Nippon Mining and Metals, expects a recovery of copper prices to take longer than expected.
Reuters reported that Japan’s largest copper smelter, JX Nippon Mining and Metals, expects a recovery of copper prices to take longer than expected.
As quoted in the publication:
In October, the company’s smelting unit, Pan Pacific Copper, predicted copper prices will rise to $6,000 a tonne in the year to March 2017, driven by global production cuts and demand growth in Asia.
“We still expect copper prices to recover toward $6,000 per tonne as we see a supply shortage going forward,” Shigeru Oi, president of JX Nippon Mining & Metals, a unit of JX Holdings Inc, told Reuters in an interview on Friday.
“But it may take longer than anticipated to see a recovery. We may have to wait until the prices of oil and steel bounce back.”
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.