Copper market’s biggest whale fuels speculation of a major shift
The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year.
Power supplies have returned to normal in Chile’s northern mining heartland after a power grid failure hit some of the world’s biggest copper mines earlier on Sunday, the mining minister said.
Chilean Energy and Mining Minister Laurence Golborne told Reuters power supplies were back to “100 percent” and that the impact on production in the top global copper producer was expected to be minimal.
Image of high voltage power line from Wikipedia.
