On today’s conference call we will begin with an update of our view in the metal markets. We will then talk about Southern Copper’s key results related to production, sales, operating costs, financial results, expansion projects, and capital spending program. After that we will open the call for questions.Focusing on the metal market and prices of the metals that Southern Copper use, during the first half of 2012 metal markets continue to be driven by negative macroeconomic events that effected consumer expectations. The most important ones being Europe’s debt crisis particularly the provinces in Spain and Italy and the possibility of a slowdown of the Chinese economy. Even though we believe copper fundamentals are sound for 2012, demand has been repeatedly negatively influenced by the macro outlook for Europe and China.
Southern Copper's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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