Goldman cuts copper price forecast by $5,000 as bullish bet closed
The bank has been one of the biggest cheerleaders of the industrial metal.
The bank has been one of the biggest cheerleaders of the industrial metal.
A new copper supercycle is emerging, built on several rising geopolitical and market trends.
The company said in the half year it saw a 30% decline in the average dollar price for its US metal.
Key moves in the mining sector.
Under President Biden's Loan Programs Office, the US Department of Energy has granted nearly $25 billion to 21 companies.
Rusal, which operates in Guinea, Jamaica, Ireland and Sweden apart from Russia, has been under pressure from the fallout of Western sanctions.
Underlying earnings came in at $380 million, compared with $916 million a year ago.
Vale announced Monday that current finance chief Gustavo Pimenta would take the reins of the company.
Mining veteran Deshnee Naidoo talks about the areas where she sees the Canadian mining industry excelling, those where is lagging and the reasons for leaving her latest position.
The company is currently expanding its downstream operation.