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Falling stocks and rising copper prices
Copper stocks held at the Lme have fallen 20% since mid-April. Since that day, copper has gained 13%. The theory is that a drop in inventory (then physical delivery to the customer) is followed by a rise in the price of the commodity. Often this does not happen, but...
Copper price continues to rise with forecast surplus in 2021
According to the International Copper Study Group (ICSG), the global copper market is expected to see a surplus of 79,000 tons this year and 109,000 tons in 2022. After three years of being essentially unchanged, global copper mine production is expected to increase...
Bhp warns against Chile’s mining tax
Bhp reported that a proposed royalty on copper and lithium sales being discussed by lawmakers in Chile risks making international companies wary of investing in new projects or expanding existing mines to meet growing demand for both metals. The congressional mining...
Lme will be closed on May 3 for holidays
Lme will be closed on May 3 for holidays. Trading will resume as normal on Tuesday, May 4. You are unauthorized to view this...