Starting the week higher, copper prices dropped yesterday and rebounded today, trading at $US7551.50 per tonne. Macquarie Private Wealth commodity research showed copper continued to trade above the cost curve although prices were down 25% over 2011’s peak while producer’s costs had increased more than 10%. Straits Resources shares were down 22.6% to 9c after revealing copper production was lower in the June quarter and cash costs had more than doubled.
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