The state of Chinese commodities shows recovery taking hold
From oil to copper to coal, China’s gigantic commodities industry is signaling that the first economy to be flattened by the coronavirus is getting closer to a return to normality.
As a result of the almost two months stoppage at Grasberg, the miner lost about 125 million pounds of copper and 125,000 ounces of gold in the quarter.
Along with the global squeeze affecting the mining industry, large companies operating in Chile are facing escalating costs related to assuring water supply for their operations.