Citigroup cuts copper forecast on tariffs risk, China outlook
The bank has cut its short-term outlook for copper prices by 11% to $8,500 a ton over the next three months.
Twenty-eight Chinese coal miners were killed on Saturday afternoon, reports Xinhua.
The Taozigou coal mine is unauthorized according to officials. It’s located in China’s Sichuan Province, Luxian County and in the city of Luzhou.
At the time of the accident there were 108 miners working underground, many of whom had to be rescued.
The deputy governor of Sichuan, Liu Jie, said the mine should be shut down and all coal mining in the province should be suspended pending a review.
He added there will be an investigation and the owners will be held accountable.
