Copper fundamentals strong; Mitsubishi ups stake in Escondida

摘要

Three large Japanese companies are investing a total of more than 50 billion yen (533.9 million dollars) for an additional combined ownership stake of 2.5% in Chile's Escondida mine, Reuters news agency reported on April 13, quoting Japan's Nikkei Business Daily. The new investment will raise the combined stake of Mitsubishi Corp., Nippon Mining & Metals a unit of JX Holdings, and Mitsubishi Materials, from their current 10% stake in Escondida to 12.5%.