Production at the Kamoto mine is scheduled to begin late this year and according to the company, once fully operational, the mine will produce 150,000 tonnes of copper and 5, 000 tonnes of cobalt per annum at one of the world’s lowest operating costs.
A new source of copper would be a handy thing ’round about now, what with copper prices still way above “normal” and once again on the rise.
Metal stampers need stable resource prices in order to make good purchasing decisions. This up and down stuff is nuts. Makers of small parts especially have no market clout with the suppliers and must accept whatever the going price is. Which can make or break profits for small part stampers.