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Copper: $100bn investment needed to meet demand
The global copper industry needs to spend more than $100 billion to build mines capable of closing what could be an annual supply gap of 4.7 million tonnes by 2030. The supply gap for the next decade is estimated at six million tonnes a year as the clean energy and...
Iron ore: price extends rally on expectations of post-lockdown demand from China
Iron ore prices rose on Wednesday as markets expect robust supply demand in China when covid-19 restrictions are removed. Prices rose despite China’s Dalian Commodity Exchange increasing trading limits and margin requirements for some of its futures products,...
Zinc: high prices with European smelters at risk of production
Zinc on the London Metal Exchange recorded a new all-time high of $4,861 per tonne earlier this month, eclipsing the previous 2006 peak of $4,580 per tonne. The March 8 peak was surpassed within hours and looked very much like the forced closure of positions to cover...
Copper: Antofagasta forecasts high prices for the next 12 months
According to Antofagasta CEO Ivan Arriagada, the copper market has solid fundamentals despite the current market volatility and will maintain high prices for at least the next 12 months. During the CRU-CESCO World Copper Conference in Santiago, Arriagada also reported...