Goldman Sachs this week raised its 12-month target for copper to $11,000 a tonne, while Citi recommended clients take on bullish copper exposure over the next few weeks.
The first-round winner of Peru’s Presidential election, Pedro Castillo, wants to renegotiate contracts with mining companies rather than seize assets, a party official said.
The mining giant is exploring the use of bunker fuels such as liquefied natural gas and biofuels to replace fuel oil, aiming to reduce carbon emissions by 40% when shipping its products.