BASE METALS

Copper on a high, say Chile bank tourists

It’s not easy being a copper optimist with the price of the metal showing every sign of falling below US$2 per pound, but high in the Andes Mountains of Chile you would this week have found a jolly tour party of 50 bank analysts who have been converted into copper bulls.

Spence in Chile. The country remains the focus of BHP Billiton’s copper expansion plans

Spence in Chile. The country remains the focus of BHP Billiton’s copper expansion plans

Whether it’s the thin air of the Atacama Desert or the generous hospitality of BHP Billiton, which is hosting the visit to its Escondida and Spence copper mines, it is hard to ignore the positive tone...

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