Copper price sinks to 10-month low on recession worries
Outlook for demand deteriorated after the US Federal Reserve’s large rate hike fueled worries about recession and data from China indicated weak growth.
China to expand ban on Australian imports to copper; Rio Tinto closes Argyle diamond mine after 37 years; Tanzania finalizing permit for its first rare earth mine
Copper volumes on world exchanges are climbing again as a buoyant economic recovery from covid-19 in top metals consumer China spurred speculators to pile back into the market.
A communique released after a four-day meeting of the Communist Party’s Central Committee gave a broad outline of the plan as well as sketching out a vision for the economy as far as 2035.
US court upholds miners’ rights to explore on federal lands; Nordgold submits off-market bid for Cardinal in takeover war, Over $1 trillion needed for energy transition metals...