Connect with us
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.
Great Boulder Resources discovers a mining deposit at Western Australia. The place is said to accommodate a large sum of copper, nickel, and cobalt.
The looming trade war between the U.S. and China has contributed to the decline of metal prices.
The nickel exploration will take place in South Voisey's Bay mine in central Labrador, Canada.
Newcrest's investment in Lundin Gold is significant in starting the operations at the Fruta del Norte mine.
The US Gold Corp's King Copper project looks promising due to its strategic location, which will likely yield a bounty of different minerals.