Southern Copper
CEO sees Chinese copper demand supporting prices
Carl
Surran, SA News Editor
- Strong demand from China for copper and an economic recovery in other parts of the world should help keep copper prices firm next year, Southern Copper (NYSE:SCCO) CEO Oscar Gonzalez Rocha says, expecting copper to average $3/lb. next year vs. this year’s likely average of $3.11.
- SCCO's profits in the first nine months reached $985M, and the CEO says net income could end the year at ~$1.3B, which would be down from full-year 2013 net income of $1.6B; he expects to produce 780K tons of copper next year, with increased output from Mexico, vs. ~660K tons expected this year.
- Gonzalez Rocha also says SCCO should receive permits this month to start construction on the $1.4B Tia Maria project in Peru, and that the mine will be running by late 2016 or early 2017, eventually adding 120K tons/year of copper.
Quelle: bigcharts.com
Quelle: stockcharts.com
Quote:
Freeport, Southern Copper: Marktführer optimistisch über Kupferpreis-Entwicklung
Verantwortliche von den drei Kupfergiganten Codelco, Freeport McMoRan (NYE:FCX) und Southern Copper(NYE:SCCO) geben sich in den jüngsten Statements sehr optimistisch für die mittel- bis langfristigen Aussichten der Kupferpreise..
Verantwortliche von den drei Kupfergiganten Codelco, Freeport McMoRan (NYE:FCX) und Southern Copper(NYE:SCCO) geben sich in den jüngsten Statements sehr optimistisch für die mittel- bis langfristigen Aussichten der Kupferpreise..
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