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Copper miners confident of life beyond China – The Australian Financial Review
Australian miners believe copper demand is internationally diverse to the extent they could cope if China barred Australian shipments of the red metal.
”Should it be required, Sandfire is confident in its ability to increase sales contract volumes to existing and also new copper concentrate customers in non-Chinese markets,” the company said on Tuesday.
Sandfire added that it had the financial resources to weather a storm, with $398 million of cash and no debt.
Australia is the world’s third-biggest copper exporter, delivering about 5 per cent of the world’s seaborne copper.
About half of Australia’s copper goes to China, with the Department…
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