Lundin Mining Continues To Claw Back Lost Ground
Lundin Mining Corporation (LUN.TO) is slowly continuing to claw back lost ground in its share price. The shares are currently trading at $4.28, up 4.4% from yesterday's close of $4.10.
This takes it further away from its year low of $3.17. Lundin shares have been tracking upwards over the last 10 days, after they were trading at $3.39 on Nov 23. They are still well away from their year high of $9.31.
Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel. The company reported net income of $12.4 million, for the third quarter of 2011 and year-to-date net income of $141.3 million.
The International Copper Study Group expects world apparent refined copper usage in 2012 to grow by 3.6%, mainly supported by a growth of 6% in China as the rest of the world is expected to grow by only 2%.
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