Zijin Mining: Copper Prices to Bottom in 2 Years

Industry News 02:08:59PM Nov 16, 2016 Source:SMM

SHANGHAI, Nov. 16 (SMM) - Zijin Mining Group sees copper prices bottom out in the following 2 years due to oversupply and stronger US dollar, wenhua.com reported.

Copper prices will reach floor price in 2 years after slight rebound, Zijin Mining Group’s executive director and vice president said at a copper industry meeting in Shanghai.

Investors should be wary of copper prices due to rising US dollar. Besides, oversupply will remain in the next two years. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Zijin Mining: Copper Prices to Bottom in 2 Years

Industry News 02:08:59PM Nov 16, 2016 Source:SMM

SHANGHAI, Nov. 16 (SMM) - Zijin Mining Group sees copper prices bottom out in the following 2 years due to oversupply and stronger US dollar, wenhua.com reported.

Copper prices will reach floor price in 2 years after slight rebound, Zijin Mining Group’s executive director and vice president said at a copper industry meeting in Shanghai.

Investors should be wary of copper prices due to rising US dollar. Besides, oversupply will remain in the next two years. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.