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KGHM Polska Miedz Sees Copper Price Volatility Ahead

iconAug 16, 2010 16:49
Source:SMM

WARSAW, Aug 13, (Dow Jones)-

KGHM Polska Miedz SA (KGH.WA), Europe's No. 2 copper producer, expects copper prices to be volatile and possibly lower in the short and medium term, the company's executive in charge of hedging said Friday.
 

"For the past few months we've been sending the message that our forecast for the global economy is more pessimistic," Jaroslaw Romanowski told a press conference. "We have concerns about how permanent copper prices will be in the short and medium term, but we're, of course, optimistic in the longer term."

 

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