Mercator Minerals Ltd MLKKF

Metals & Mining Copper

Mercator Minerals, Ltd. is a mineral resource company engaged in the mining, exploration, development and operation of its mineral properties in Arizona, United States and Sonora, Mexico. The Company’s principal assets are the 100% owned Mineral Park Mine, a producing copper-moly mine located near Kingman, Arizona and the El Pilar Project located in Sonora Mexico. The primary focus of the Company is the expansion of copper production and molybdenum concentrate production at the Mineral Park Mine, and the development of the El Pilar Project. Its other projects include The El Creston molybdenum property, which is 175 kilometers south of the United States Border and 145 kilometers northeast of the city of Hermosillo; Molybrook, which is located on the south coast of Newfoundland, and Ajax, which is located 13 kilometers north of Alice Arm, British Columbia.

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Mercator Minerals Ltd

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Post by NobodyKnowsOneon Nov 13, 2009 12:10pm

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Post# 16484178

Re: RE: Copper inventories

Providing counterbalance to weak demand and oversupply concerns with regard to copper, there are also supply disruption concerns which keeps copper trading in a trend channel.

This quote from John Gross of The Copper Journal :
“Forget about the fundamentals ... the price trend has been up and a trend is going to remain in place until something occurs to change it. The rising inventories has not changed it and the weakness in demand has not changed it,” he said.

Here's the full article in The Globe and Mail :

https://www.theglobeandmail.com/globe-investor/copper-falls-on-signs-of-demand-weakness/article1360428/

Cheers

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