Seeking Alpha: Copper Investing in Mongolia

Mongolia’s predicted economic boom hinges on the premise that the Oyu Tolgoi copper-gold mine will be a driver of the economy’s growth. Mongolia’s GDP in 2010 was $6.8 billion. Oyu Tolgoi is expected to produce over $3 billion per year using prices of $850/oz. for gold, $14/oz. for silver, and $2/pound for copper. The current prices for all these commodities are higher — copper prices are more than 50% higher while gold and silver are both approximately double those prices — thus the effect of Oyu Tolgoi on the Mongolian economy will be greater. To read the full article, click hereCopper Investing in Mongolia

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