Copper may be facing supply and demand issues but this unpredictability may lead the metal back to its eight-month high levels.
Representatives from China and the U.S. have resumed their trade talks and the effects of the negotiations are showing immediately on copper.
Aside from silver and gold, Nevada’s geological composition includes huge deposits of various base metals.
The copper market is holding its breath as even the top producers in the industry are beginning to struggle on the production side of the spectrum.
Vietnam is planning to stop exporting raw minerals as part of its economic and environmental plans.
Aside from the price drop, the industry is also affected by the trade war between the U.S. and China.
With an ongoing trade war between the United States and China, copper prices reported a 15 percent loss in the last five weeks.
Capstone sold its Minto mine to Pembridge Resources, with the transaction to conclude within this month.
Truck drivers hold an 11-day strike over rising fuel costs in Brazil, calling for governmental relief through fuel subsidies.
Investing in underlying systems rather than the foundational industries could prove to be a better option for the long term.