Goldman Sachs analysts said the current price strength “is not an irrational aberration” but rather “the first leg of a structural bull market in copper.”
Some 1,000 tonnes of gold have been used in highly complex and lucrative deals designed to skirt Chinese capital controls. Deals that are now being unwound.
While the WA government is favours Chinese capitals, Australian junior Padbury Mining says it has secured $6.5 billion to take over the project, but refuses to reveal backer's name.