Friday, October 9, 2015

Reduced Chinese Copper Imports Impact Africa

Mineweb.com published on 6 October 2015 an article titled "China vs Copper: That Sinking Feeling" by Nastassia Arendse. 

The slowdown in industrial activity in China has had an important impact on copper producers since China consumes 45 percent of all copper output.  Copper prices have been falling steadily.  Glencore, the world's biggest copper supplier, plans to reduce output by about 20 percent over the next 18 months by shutting two of its flagship operations in Africa.  The Democratic Republic of the Congo and Zambia will be the most affected.