Investor interest in deep sea minerals is rising ahead of an mining code of conduct that’s expected to be concluded this year by the International Seabed Authority.
Copper prices rose on Friday tracking gains in equities market buoyed by optimism over the global economic recovery on positive US labour data and its faster-than-expected covid-19 vaccination roll-out plans.
China’s biggest copper smelters have decided to not set a floor price for second-quarter treatment and refining charges (TC/RCs) for the second straight year.
If three’s a trend, then copper producers awash with cash after a doubling of prices are entering the next phase of the cycle: increased fiscal pressure from their host nations.