Chile Earthquake Or Push Copper

by Cloned Milkmen

Chile earthquake or push copper prices to soaring wiring? – Wiring – Security Industry

Article by jekky

Chile earthquake or push copper prices to soaring wiring? – Wiring – Security Industry – Business

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Beijing on February 27 occurred in Chile South America 39 s super 8 8 earthquake the power of even the recent earthquake in Haiti 800 times Tragic disaster the international copper prices also will become one focus Is well known Chile is the world 39 s largest copper producing country production accounts for one third of the world 39 s total Have Market Pointed out that the Chilean earthquake of this is likely to make the international copper prices soaring again 2007 in the northern part of the 7 7 magnitude quake the Chilean copper industry that suffered heavy losses Chilean copper mine strike of workers have emerged also led to volatility in international copper prices Chile shows the impact of the large international market Then as now China still copper based cabling industry will be affected Because the earthquake happened in a weekend thousands of network news is not the first time to link the major routing vendors However journalists still find some other ways the industry veteran One was in the wiring Enterprise Mr Chang worked that the wiring Product To rise quot the rising price of copper that we have been hard to avoid then the wiring is estimated prices of products Raw material inflation prices do not rise we certainly no profits not to mention wiring products are not high profits quot Compared to Zhang in wiring a veteran product distribution cautious quot due to sudden large events in Haiti is still unable to determine Damage Level that is how much impact on the copper not yet known impact is certainly there but whether the large fluctuations in the international copper price is still to see the market response My view cabling product price increases the possibility is there but unlikely In short the conclusion is still difficult quot System integrator Shenzhen Huang believes that quot even if the earthquake caused copper prices rose and probably the short term For some makers of copper reserves enough to cope with rising pressure Even with the opponents they will Competition has resulted in unexpected help quot 1000 net synthesis of major media news reporters the current impact of the earthquake on the copper level is uncertain According to foreign reports Anglo American 39 s two annual production of about 28 million tons of copper suspended operations due to power outages leading to the capital Santiago a copper mine near the road was also blocked Codelco Chile 39 s state owned mining enterprises are two mines close to the epicenter including the world 39 s largest underground copper mine ElTeniente do not yet know whether the operation of the affected mine Chile 39 s government spokesman it means no damage to mine Another report BHP Billiton the world 39 s largest in northern Chile Escondida the current to maintain normal operation Some analysts pointed out that the majority of Chile 39 s major copper mines in the north and at least 800 km away from the epicenter but there are many stores near San Diego Xinhua reported news of the earthquake the New York Futures Exchange copper rose 3 2 immediately after news of copper power copper prices surged in New York futures market 6 percent reaching 3 229 per pound dollars The New York Stock Exchange in accordance with the data the past 2 months the cumulative increase in international copper prices up 7 6 in August last year the biggest monthly increase since Then the earthquake the international price of copper may be fueled Believe that many people cabling industry for the year in 2006 a post that caused by the copper wiring up the market quot for copper by the storm quot panic still fresh In the first half of 2006 the international market price of copper Crack 5000 U S dollars ton 6 000 U S dollars ton 7 000 U S dollars ton and 8 000 U S dollars ton mark and in the domestic market but also from the 40 000 yuan ton rose to 80 000 along the way yuan ton at home and abroad wiring Brand Copper prices have had a remarkable double Copper prices soared Once confirmed by the market then the cabling products will face a new round of price increases therefore on how the wiring will cause the impact of enterprise 1000 net will continue to focus

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