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A bar is characterised by an "enclosed invariant convex cross-section", meaning that pipes, angle stock and objects with varying diameter are not considered bar stock. Bar stock is commonly processed by a sequence of sawing , turning , milling , drilling and grinding to produce a final product, often vastly different from the original stock.
China's move to stimulate its economy pleased copper bulls and Freeport McMoRan shareholders alike.
Based on 2007 reserves data, Southern Copper is the world's largest publicly traded copper mining company and the world's seventh largest copper mining company based on 2007 sales. In addition, the firm is the eighth largest copper smelting company. The firm ranks among the world's largest producers of molybdenum, silver, and zinc.
LME Copper is a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of Copper (Grade A), that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation.
The holding company was formed around joint-stock company Uralelektromed in 1999. The main owner of the company is Uzbek billionaire Iskander Makhmudov . The president of the company is Andrew Kozitsin ( Russian : Козицын, Андрей Анатольевич ).
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