CarrZee: When markets work they create competitive prices.
Australian miners nervous as copper ore profits collapse, China meets | news.com.au — Australia news site
Australian miners are watching nervously as China’s biggest copper smelters meet in Beijing this week to discuss a response to collapsing profits.
— Read on www.news.com.au/finance/business/mining/australian-miners-nervous-as-copper-ore-profits-collapse/news-story/f60b05624ecdc7645cf60e31ce0e2f16
News.com.au: Australian miners are watching nervously as China’s biggest copper smelters meet in Beijing this week to discuss a response to collapsing profits.
Copper ore processing fees – essentially the value added for smelting ore into pure copper – have fallen to their lowest level since the Great Financial Crisis of 2013.
That’s not due to an oversupply of copper ore. In fact, several unexpected mine closures have occurred around the world.
