KGHM Sees Avg 2012 Copper Price at $8,000/t or Higher-Shanghai Metals Market

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KGHM Sees Avg 2012 Copper Price at $8,000/t or Higher

Industry News 09:37:47AM May 14, 2012 Source:SMM

LUBIN, Poland May 11 (Reuters) - Poland's copper miner KGHM does not expect the average annual price of copper to drop below $8,000 per tonne, the group's Chief Executive Officer Herbert Wirth told Reuters on Friday.

"In spite of varying forecasts, we expect copper price to be stable and not fall below $8,000 per tonne annually on average," Wirth said, adding the group would present its official guidance for 2012 on May 15.
 

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Gold(99.99%)
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KGHM Sees Avg 2012 Copper Price at $8,000/t or Higher

Industry News 09:37:47AM May 14, 2012 Source:SMM

LUBIN, Poland May 11 (Reuters) - Poland's copper miner KGHM does not expect the average annual price of copper to drop below $8,000 per tonne, the group's Chief Executive Officer Herbert Wirth told Reuters on Friday.

"In spite of varying forecasts, we expect copper price to be stable and not fall below $8,000 per tonne annually on average," Wirth said, adding the group would present its official guidance for 2012 on May 15.