How high can copper price fly? this metals trader expects $12,000
Current prices would seem “far too low” if governments fulfill pledges for green infrastructure and electric-vehicle incentives, Concord Resources said.
North American stock markets continued to climb on Friday, while the dollar ascended a four-month high, causing downward pressure on precious and base metals prices.
Faced with declining domestic production, China's top copper company — Minmetals — said earlier this year that the "only solution” was going overseas, and many are following its steps.