PUNTERS THINKING OF investing in copper stocks have been warned to look closely at promised production dates as a number of projects around the world experience start up delays. London-based CRU International Ltd research manager Professor Allan Trench said projected new supplies of the red metal were not eventuating at a steady rate as many mineral proponents were unable to keep to their initial deadlines. Some companies, he pointed out, were being adversely hit by escalating capital and operating pressures, which in turn were affecting the economics and competitiveness of many proposed - and sometimes lower grade -developments.
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