METAL BULLETIN CUTS COUNTER: Copper - Mawson West places Kapulo on care and maintenance

Curtailments to copper output slowed in February, although Mawson West added to the cuts and will place its Kapulo mine in the Democratic Republic of Congo (DRC) on care and maintenance this month.

But further cuts will be need for the red metal to maintain its current price levels in the high $4,000s, analysts at Barclays said. “With copper strengthening on average 3% in February, the price recovery may be preventing producers from making the needed adjustments to supply to bring the copper market into balance. Our disruption total for February is negligible, resulting...

Published

Charlotte Radford

March 07, 2016

11:55 GMT

London