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Copper heads for best quarter since 2010 as supply worries mount
Copper is poised for its best quarter since 2010, helped by optimism over a stronger-than-expected demand rebound in top consumer China and mounting supply concerns in South America. The metal used in everything from automobiles to electronics has surged about 20%...
Shrinking aerospace demand to keep pressure on cobalt
Cobalt prices are at 10-month lows due to sagging demand from the electric vehicle and aerospace sectors amid the covid-19 pandemic and look likely to slide further as airlines defer maintenance. Airlines such as Australia’s Qantas, Qatar Airways and Singapore...
Chilean mines minister sees 3.5% drop in copper output
Chile’s mines minister Baldo Prokurica on Friday cited figures projecting a decline in the country’s copper output of 200,000 tonnes as a result of the growing impact of the new coronavirus on the industry. Prokurica said the Cochilco copper commission’s projection,...
Economic Calendar – Weekly June 29, 2020
Time Area Event Forecast Previous Monday, June 29, 2020 -- Chile - Feast of St. Peter and St. Paul -- Peru - Feast of St. Peter and St. Paul 08:00 EUR German CPI (MoM) (Jun) 0.3% -0.1% 08:00 BRL Unemployment Rate 12.6% 08:30 CAD Building Permits (MoM) (May)...