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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.

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”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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