Saturday, March 15, 2014

Zambian Mine Minister says if copper prices below $5,000, it could threaten mining sector

Zambian mines are still operating profitably despite the fall in copper prices but could be threatened if the price dropped below $5,000 per tonne, Mines Minister Christopher Yaluma advised. Recently, copper markets have been edgy over slowing Chinese demand and fears that credit upheaval in the world's second-biggest economy could unwind financing deals using the metal as collateral.

Benchmark three-month copper on the London Metal Exchange has been falling steadily since January and

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