Production cuts are finally pulling their weight

摘要

Could Glencore’s announcement last week, that it has suspended copper productionat its Katanga and Mopani mines in the DRC and Zambia for a period of up to 18months, prove to be the turning point for copper? Combined these cuts alone couldremove up to 400,000 tonnes if the suspensions run their full course, and this is on topof a host of other, smaller cuts due to lows prices, El Ni?o and a host of other factors.