I suspect that failing a pickup in Chinese demand, prices will need to fall to below $2 a pound ($4,400 a tonne) for meaningful cutbacks to balance the market. John Mackenzie More Quotes by John Mackenzie More Quotes From John Mackenzie Price-led cutbacks have virtually stopped, suggesting a growing surplus of copper, unless demand growth accelerates or price-led cutbacks commence, over the past six months we have reduced our cash costs by 50 cents a pound or nearly 20 percent, by focusing on cost control and operational efficiency. John Mackenzie company-news
