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Tight supply made the copper selected mine shortage

By , 2007-02-07 12:00:00

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According to the dispatches from foreign news agencies, in spite of the increasing production, the shortage of the copper selected mine in 2007 will limit the copper output in China, the connoisseurs said on Friday.China is the biggest copper consumption country in the world, but the copper mine supplies for itself less than 1/3 of the total amount, which makes as the biggest buyer in the copper selected mine market in the world.It is predicted that copper matte an ability to expect rising by 500 thousand tons at least. But, the Chinese non-ferrous metal industry association estimates that copper output will rise only by 200 thousand tons next year, copper output will expect for 2.95to3 million tons for this year.
It anticipates that the copper selected mine becomes tensely in the market, part of reason is due to the lower in production and the increasing of matte capacity. BHP Billiton Chip Goodyear said on Wednesday
BHP Billiton is the biggest copper mine of the globalization ¨CEscondidas major stockholder. Its processing charge will be US$60/MT and smelting charge will be US$6 pence/p,33% lower than this year.
BHP Billiton have canceled " price in on¡± terms, the Chinese smeltery can gain the extra charge of the rising in copper price through the "price in on term.
One from smeltery said, China has refused the term of BHP Billiton
The connoisseurs said, in face of above-mentioned condition, the Chinese smeltery prepares to closed some smelt facilities and cuts down the consumption in copper selected mine

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