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.
Rio Tinto says it has no plans to restart the nearly 30 per cent aluminium smelting capacity shut down for the past two months at Tiwai Point, in New Zealand, but it was still considering its options.
A Rio spokeswoman would not say on Tuesday whether it was possible the affected smelter potline could remain off line….more at Industry Search
