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Copper: metal gets Zambian fiscal boost
Zambia is looking to position itself as Africa's top copper producer over the next decade, reclaiming a position it lost to the Democratic Republic of Congo (DRC) in 2014. The government of President Hakainde Hichilema, who came to power in August, hopes to increase...
Copper: global stocks have fallen to lows
October 2021 copper pressure has sent the metal into record territory now that warehouses again have enough metal for a long weekend. The surge was attributed to a rush for ready-to-deliver metal after copper warehouses were emptied and available stocks on the LME...
Eur/Usd: pullback phase in progress
In the article of February 4 (read here) the projections identified the first short-term targets towards 1.1560 and 1.1700. The targets are still the same, with the current movement of Eur/Usd in pullback phase (physiological movement of return towards a purchase area...
Zinc: in 2022 prices may drop 4% due to oversupply
In January 2022, the average annual zinc price was $3,599 per tonne, up 6% from December 2021. Many analysts expect the price to fall 4% y/y to around $2,880 per tonne in 2022 due to oversupply in the market. After seasonal rises, zinc prices are expected to see a...