Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Chinese Copper Imports To Remain Strong Despite August Drop

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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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DC14

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Chinese Copper Imports To Remain Strong Despite August Drop – CI

posted on Sep 10, 2013 10:26AM

What slow down....?

Alec Kodatsky, analyst at CIBC, says that he is expecting copper imports into China despite a modest drop in August. Kodatsky notes that China imported 388,000 metric tons of copper and related products last month, which was a 6% decline compared to July. However, this was "firmly above the average monthly import levels of 350kt over the past two years,” he says. “SHFE/LME copper price spreads were mostly in the positive mid-single-cent territory in August/September. Together with low domestic inventories and loosening funding for importers, we expect imports to remain strong in the near term. SHFE inventories were at 152kt in early September, down 7%” month-over-month.

http://www.kitco.com/news/2013-09-10/KitcoNewsMarketNuggets20130910-kitco-market-nuggets.html