Polish KGHM Sees Risk of Falling Copper Prices-Shanghai Metals Market

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Polish KGHM Sees Risk of Falling Copper Prices

Industry News 09:45:03AM May 17, 2010 Source:SMM

WARSAW, May 14 (Reuters) - Polish miner KGHM (KGHM.WA) expects copper prices to head lower in the coming months due to falling demand, the head of its hedging unit said on Friday.

"There is no possibility for China to make up for the drop in demand (for copper) in the West. There is a risk of a fall in prices," Marcim Mostowy told a news conference.

Key Words:  copper Cu  copper price  KGHM  

Polish KGHM Sees Risk of Falling Copper Prices

Industry News 09:45:03AM May 17, 2010 Source:SMM

WARSAW, May 14 (Reuters) - Polish miner KGHM (KGHM.WA) expects copper prices to head lower in the coming months due to falling demand, the head of its hedging unit said on Friday.

"There is no possibility for China to make up for the drop in demand (for copper) in the West. There is a risk of a fall in prices," Marcim Mostowy told a news conference.

Key Words:  copper Cu  copper price  KGHM