Original article by Matt Chambers
The Australian – Page: 20 : 27-Jul-17

The copper price has risen to its highest level in two years, at around $US2.84 a pound, due to factors such as supply constraints and China’s economic growth. Freeport-McMoRan CEO Richard Adkerson says rising demand for copper is likely to push the price of the metal above $US4/pound for the first time since 2011. He notes that a mooted large increase in global copper supply in 2016 did not eventuate, and he add that developing new copper mines is not viable at prices of $US2.50/pound or less.

CORPORATES
FREEPORT-McMORAN COPPER AND GOLD INCORPORATED, RIO TINTO LIMITED – ASX RIO, OZ MINERALS LIMITED – ASX OZL