Copper prices are set to languish this year, a Reuters poll of analysts showed, weighed down by weaker demand as rising interest rates curb economic growth.
Researchers have discovered a ‘Goldilocks zone’ at the base of the earth’s crust where temperature allows for metals to be transported to shallower levels near the surface.
Unless there’s been a major decoupling of copper, zinc, nickel, aluminum prices and Chinese manufacturing activity, declines of as much as 40% may be in the offing.