Hopes for repeat of May’s copper price blowout fade
Copper prices fell sharply on Tuesday after hopes of further stimulus in China evaporated and conditions for a repeat of May’s record setting squeeze faded.
The company reported drill results as high as 17.77 grams gold per tonne across 5.5 metres while it builds up inventories of ounces to support restarting production next year.
The sales weighted average value of the lithium, nickel, cobalt, manganese and graphite contained in the battery of the average EV sold globally is down 60%.