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European copper demand pick up? Don’t bet on it: Codelco CEO

Tuesday, October 08, 2013 - 03:00

Oct. 8 - European demand for copper isn’t improving, it has just stopped deteriorating, says Codelco chief executive Thomas Keller Lippold

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We believe that the current president visible right. I think it reflects the proof on the -- in the industry and the market. And we don't really see it and be any reason for about a change in the foreseeable future. Of course some of the counties -- -- in the market. -- of the month cycle or on the production side but. We believe that this. And in in the current context office. Month's supply crisis this -- Everybody has been somewhat surprised by the strength of of Edmonton and it turns out. At the beginning of the year. Expectations. In this complex. Where that group. The -- or increase around 45% of its descent but we've seen. Higher rates of growth in terms of the month at least on the on the refined course. That's been much more so you. We we. Continue to be people with this situation where two months. Excuse this is not improving. But it's a hassle to be flat -- but it's been -- about -- -- domestic. And some but it community signed the office of recovery. Be witnessed. And it's because there additional Mickelson to production is this has been coming on stream -- one point we will continue to do so. As we move forward. And but of course -- put some pressure on. On on the smelting and refining market. We we we are encouraged by -- by. And the support but we've receive their. In terms of well investment. Program from everybody into society. The current government and with that and hopeful but that the new government will continue to support -- court. And its conduct on the titans I will not only that. -- they support our investment program but also but the on the right and supports a lot from this point which is one based on preserving our. Very strong credit rating in the markets because of them himself to be awful but at this moan don't gossip site. But also on the that would let's. Predicted that this test can be established by. Bye -- of one of the records.

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European copper demand pick up? Don’t bet on it: Codelco CEO

Tuesday, October 08, 2013 - 03:00