Codelco expects $2 copper for the next 2 yearsI read this on Mining.com. This is great news for Excelsior, since we are not producing yet. This will keep mines from getting built, and close some existing mines/bankrupt some companies during the next two years. In two years there could very well be a shortage of copper.
Of course this is great for MIN, since at $2 copper we are full speed ahead and profitable. We should be close to producing in two years, and anything over $2 is gravy for us.
The article says that Codelco feels the current rally in copper is "driven more by financial investors than any change in the fundamentals".