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    The collapse of oil prices from $115 per barrel in June 2014 to under $35 in February 2016 also reduced the price of copper because mining and refining are energy-intensive. The currencies of copper-producing countries have fallen, down 10.4% in 2014 from 2013, and down by 13.4% in 2015 from 2014 (USGS, Bloomberg, CME Group).

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    Metals Business | Mitsubishi Materials Corporation

    The Metals Business divides its operations into four business segments: mining, smelting and refining, copper processing and precious metals. The mining sector invests in overseas copper mines with the aim of securing the source of stable supply of copper concentrates for smelting and refining.

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