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The World Has a New No. 2 Copper Supplier

From bnnbloomberg.ca

The Democratic Republic of Congo displaced Peru as the second-biggest copper exporter last year, official data from the two countries show, in a changing of the guard for the mining industry. While the numbers used in the chart below refer to shipments rather than production, the shift in positions underscores a couple of important trends. Firstly, an up-tick in social unrest and political uncertainties are constraining investment in South America, as more money flows into Africa’s rich ore-bodies. Peru had sat comfortably as the biggest copper producer and exporter after neighboring Chile for years thanks to a wave ... (full story)

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  • Category: Fundamental Analysis