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.
Indonesia will audit over 8,000 existing mining permits to make sure they are in line with mining and environmental laws, the country’s finance minister said on Monday, days after the country passed new regulations on environmental protection.
President Susilo Bambang Yudhoyono last week signed a two-year moratorium on permits for logging and another decree allowing underground mining in protected forests if conditions such as an environmental assessment had been met.
