[miningmx.com] – THE copper price fell below $4,500 a tonne for the first time in more than six years amid fears that demand for the metal from China would be met from local suppliers replacing recent production cuts, said Bloomberg News.
“Demand is still the key for commodities at the moment, and supply discipline and production cuts are uncertain,” Helen Lau, an analyst at Argonaut Securities in Hong Kong,” told Bloomberg News.
“There’s a chance that local producers will continue to ramp up production and replace the cuts that have been made. Everyone still wants to maintain cash flow at these prices,” she said.
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