WROCLAW, Poland, Sept 3 (Reuters) - Europe's No.2 copper
producer, Poland's KGHM KGH.WA , considers temporarily cutting
production at one of its U.S. mines until copper prices CMCU3
rebound above $6,000 a tonne, KGHM chief executive said on
Thursday.
"We are seriously considering lowering production at one of
our U.S. mines to the maximum (possible extent) and waiting
until global copper prices rebound to $6,000 a tonne," CEO
Herbert Wirth told Reuters.
"Unfortunately, the American market does not give us the
shield that we have on other markets, where local currency is
weakening against the dollar," he said, adding that KGHM
considers partnerships for its assets in the U.S. and Canada.
Copper regained some ground and climbed 2.2 percent to
$5,232 a tonne on Thursday. Worries over Chinese demand weighed
on metals prices, with KGHM setting its "pain" threshold at
$5,000 a tonne of copper.