Copper to Rebound as Demand Grows, Output Drops, Freeport Says FCX, AUY, TNR.v

Nov. 24 (Bloomberg) -- Copper, headed for its biggest annual price drop in at least two decades, will rebound as demand grows and mine output drops, Freeport-McMoRan Copper & Gold Inc. Chief Executive Officer Richard Adkerson said.
“There is going to be a need for copper as China, the rest of Asia, Eastern Europe and Latin America’s standard of living rises,” Adkerson said Nov. 21 while attending the 21-member Asia-Pacific Economic Cooperation forum in Lima. “Mines are aging, so the industry is challenged from a supply standpoint.”