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According to the analysis, this compares with an average total cash cost of 171 cents per pound last year and 180c/lb in 2013. The copper price averaged 334c/lb in 2013 and 311c/lb in 2014....
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With China gulping up 300,000 metric tons of copper per month, it is the largest consumer of the metal, and a slowdown in their use of copper would mean a lower copper price down the road. Forecasters are predicting that copper could drop to /pound (6,600/Mton) by the end of 2014....
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