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The coppper market keeps getting tighter
Copper prices are continuing to correct after hitting a record high last week but there are bullish signs on the horizon. The world's largest copper producer is Chile's Codelco reported earnings today of $607 million through the first nine months of the year and the CEO said he's optimistic about prices. One of the big reasons is that major mines keep underproducing. A devastating accident at Freeport's Grasberg mine (the largest in the world) will keep much of its production offline next year and at Codelco's El Teniente mine an accident on July 31 caused a halt that the company said will take three years to ... (full story)