CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
The chief executive of Polish miner KGHM expects copper prices to fluctuate around $6,000 per tonne by the end of the year, he said on Wednesday.
“I do not see any reasons for a radical deterioration in price parameters. I think one should expect the copper price to oscillate around $6,000 per tonne by the end of the year,” Marcin Chludzinski told Reuters.
Benchmark copper on the London Metal Exchange was up 0.4% at $5,991 a tonne by 0954 GMT.
Chludzinski did not rule out that KGHM may in future tap foreign markets with a bond issue, but did not expect any more debt issues this year.
(By Wojciech Zurawski and Agnieszka Barteczko; Editing by Jason Neely)
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