Codelco Says Tightening to Slow China Copper Demand
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Codelco, the world’s largest copper producer, said demand in China for the metal will slow in this half because of government measures to tighten lending and curb inflation.
Prices will “fluctuate” at current levels, Chief Executive Officer Diego Hernandez said in an interview in Shanghai today. The Chilean state-owned company may consider sales agreement with Chinese companies, though it won’t sell stakes in its mines, he also said.