PetroChina to start metals trading, eyeing energy transition
In addition to lithium and copper, the new PetroChina unit may also look to trade nickel.
More big miners will likely follow the world’s largest gold company into the copper sector as the metal’s price soars alongside Chinese industry’s growing hunger for it, experts say.
The article says that even with the commodities sell-off this week that effected a dip in the copper price, there are still huge profits to be made in copper compared to other metals, quoting Scotiabank commodities specialist Patricia Mohr. Meanwhile copper is still being seen as a worthwhile investment because the supply cannot keep up with the demand.
