Oxiana sees copper at $5/lb within six months
SYDNEY, April 16 (Reuters) - Oxiana Resources Ltd OXR.AX said on Wednesday that strong demand for copper could see the price rise to $5 a pound within six months.
"The price of copper is going to remain under demand tension and I would not be surprised to see it pop through $5 a pound," Oxiana Chief Executive Owen Hegarty told reporters.
"What you can be assured of is that you are going to have a volatile price," he said on a conference call discussing the company's first-quarter production figures.
Copper currently sells at around $3.85 a pound.
© Thomson Reuters 2008 All rights reserved
Ads by Career Builder
Account Executive - IT Consulting, Energy Utilities Practice
Details: ...Application Outsourcing Sales Director Industry focus: Energy, Utilities, Natural Resources, Chemical, Oil & Gas Job Summary...services. May include developing/sending promotional material, authoring articles, presenting in business forums...
Utilities Analyst
Details: ...major trends in the utilities industry as well as the development...industry report for the utilities sector especially...
Consulting: Opportunity for Renewable Energy Experts
Details: ...assessing industry trends and...steam, solid & material handling, utilities, or plant process operations, or...profession or industry by contributing your...highly relevant industry insight. Our...steam, solid & material handling, utilities, plant process operations...
Public Works Manager / Engineer
Details: ...overtime/lost time), effective use of tools, equipment, and materials, scope (including the documentation of changes to support...
Sphere
Piracy fight
Obama visits Jewish shrine
