Glencore, Trafigura target spot prices for mined copper sales, sources say
The traders are pushing Asian smelters to accept low spot prices for turning their mined copper into metal this year, as opposed to industry benchmarks.
New report by Sprott says West’s renewed focus on energy security, doubling of conversion and enrichment prices and green energy transition provides structural support for a sustained bull run.
Its view contrasts with that of Rio Tinto, which said this week that China's reopening could raise near-term risks of labour and supply-chain shortages.