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Production Delays in China, Peru Will Send Copper Up in 2013: Scotiabank
Dec. 27, 2012 04:04PM PST
Base Metals Investing
The Financial Post reported that, according to a new report from Scotiabank, production delays in Peru and in China will push prices up through 2013.
The Financial Post reported that, according to a new report from Scotiabank, production delays in Peru and in China will push prices up through 2013.
As quoted in the market report:
Both countries are experiencing domestic troubles that are putting copper mine projects at risk of delays said Tom Meyer, analysts with Scotiabank. By his estimation, roughly US$57-billion worth of mining investment has been delayed or deferred in Chile and Peru so far.
