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<p>[QUOTE=&quot;medoraman, post: 1725221, member: 26302&quot;]Just thought I would pass what I learned about copper to this board. I guess the largest copper mine in the world in Indonesia is still shut down. The operator of Grasberg, Freeport McMoran, declared a Force Majeure on copper shipments from the mine. Copper prices, though, have not gone up much due to Rio Tinto&#039;s new Mongolian mine ramping up this year. This new mine is sitting on earth&#039;s largest known copper/gold deposit, and will produce 425,000 metric tons of copper a year, and 460,000 ounces of gold. </p><p><br /></p><p>So, net net the world is losing ounces of silver because Grasberg was more of a copper/silver producer, and gaining ounces of gold from the new Mongolian mine is more copper/gold.</p><p><br /></p><p>Not sure if it means anything, but just thought I would relate this news. For full disclosure, I own Rio Tinto shares, (unfortunately for me). Mining stocks have taken a serious beating.[/QUOTE]</p><p><br /></p>

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