Aluminum and Copper

Increment of Copper Price Persuade Companies for Investing on Copper Exploration Researches

Increment of Copper Price Persuade Companies for Investing on Copper Exploration Researches
Mining News Pro - Recently, the copper industry became more important for mining companies.
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According to Mining News Pro - According to CRU institute, the increase in copper price to 7000 USD per ton in the second half of 2017 and the first half of 2018 has persuaded several mining companies to develop the existing project or start new exploration projects.

As a result, production of minerals during this period and more projects were also on the agenda for the long term.

According to CRU, electric transportation vehicles and China’s demand are the main reasons for copper demand.

However, the role of developing countries like India should not be ignored in this prediction. It is predicted that still, there is a big gap in the copper industry.



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