Connect with us
The green energy transition is driving copper demand, prompting China to make threats to release some of its reserves to hold prices down. However, there’s little...
Copper may be facing supply and demand issues but this unpredictability may lead the metal back to its eight-month high levels.
Ivan Arriagada, Antofagasta's CEO, states that copper prices will remain volatile in the upcoming months because of global uncertainty.
Although copper production may drop down this year, growth is still expected from a major copper producer, Peru.
Rising metal prices mean growth while falling prices translates to an economic slowdown.
Gold slowed down a bit, but experts believe it could reach the $2,000 plateau soon.
Copper's price slid for the third time in three weeks due to copper oversupply. The top 20 producers have increased their output by 5 percent yearly.