Copper market’s biggest whale fuels speculation of a major shift
The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year.
An expansion of one of the world’s largest open pit copper mine received an important boost Monday after Utah regulators signed off on a permit allowing increased emissions from dust.
Kennecott Utah Copper can now begin to actively pursue almost two dozen other permits that are needed for the mine’s expansion, including approvals for the conversion of a coal-fired power plant to natural gas.
