Low carbon world needs $1.7 trillion in mining investment
Wood Mackenzie says miners need to spend that amount in the next next 15 years to help supply enough metals needed for the shift to a low carbon world.
Thousands of mine workers at the Indonesian unit of Freeport-McMoRan Inc will extend their strike for another month to protest against layoffs, a union official said on Wednesday.
More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.