Seeking Alpha

Lundin Mining (LUNMF.PK -10.4%) sinks after the Democratic Republic of Congo bans exports of...

Lundin Mining (LUNMF.PK -10.4%) sinks after the Democratic Republic of Congo bans exports of copper and cobalt concentrates in an attempt to force miners to add value to the commodities before shipping them outside the country. Lundin owns a 24% stake in the Tenke Fungurume mining project in Congo; Freeport McMoRan (FCX -5.5%) operates Tenke and owns 56%.
Comments (1)
  • These nationalistic moves can influence the price of copper. Bought the complex today on multi-year lows.
    17 Apr 2013, 04:45 PM Reply Like
DJIA (DIA) S&P 500 (SPY)