There have been two important numbers for copper miners this month. The first is China’s production figures for copper cathode, a finished product that is sold on to manufacturers.
IC TIP:
Buy
at
166p
Tip style
Growth
Risk rating
High
Timescale
Medium Term
Bull points
Copper recovering
Expansion at Riotinto completed
Offers European supply
Bear points
Higher cost than competitors
Uncertainty over Touro project