Poland’s copper giant KGHM’s share price has been increasing steadily in the past months, disregarding copper price moves and uncertain economic environment.

KGHM’s share price depends on the global sentiment and not on copper prices and the market expects that KGHM’s flagship project of low budget mine Sierra Gorda in Chile should be launched without a significant delay and without excessive outlays, the analysts says.

After the acquisition of Canadian Quadra, KGHM is building new mines and its costs have been substantially reduced.