Copper lures buyers as New York futures hover above $4/lb
Copper futures edged higher in London and New York as tentative signs of buying interest emerged following a string of losses.
A persistent fear of diminishing phosphorus reserves has pushed mining companies to search far and wide for new sources. Companies identified phosphate deposits on the ocean floor and are fighting for mining rights around the world.
Countries in southern Africa have the potential to set an international precedent by allowing the first offshore mining operations. South Africa specifically is one of the first countries on the continent to begin legislating its marine economy to promote sustainable development, and questions surround mining’s place in this new economy.
