Antofagasta Reports Higher Production in Q3 2023
Antofagasta, a Chilean mining company, has announced an increase in third-quarter production for all its metals. This boost in production can be attributed to higher output from the Los Pelambres…
Supply of Copper at Risk of Disruption as Workers in Biggest Mine Plan a Strike
(WSJ) Workers at Chile’s La Escondida copper mine, which is the world’s largest and producing about 5% of the metal supply, are considering going on a strike. The anticipated strike…
Aluminum Outshines Copper as the Second Well-Performing Metal
(Bloomberg) Aluminum year-to-date performance outshined copper, with a 21% gain compared to copper’s 18%. Both aluminum and copper have been struck by attempts by China to suppress price inflation in…
Goldman Expects Copper to Reach $15,000 by 2025 as the World Moves to Clean Energy
Goldman Sachs termed copper as ‘new oil’ whose low supply could drive the price from the current $9,000 a ton to $15,000 a ton by 2025, reports Markets Insider. Goldman…
Make Sense of the Risk Sentiment and Try Out Copper
The markets have finished the week in an upbeat mood, with equity indices making new highs and risk currencies catching a bid. Although the USD is usually considered a safe…
Goldman: Copper’s Bullish Momentum “Fully Underway,” More Potential for Upsides
Goldman Sachs analysts believe copper’s bullish run is now "fully underway," with prices up 50% from the 2020 lows, reports CNBC. On Tuesday, copper prices touched $7,719 per metric ton…