Robert Friedland: Copper is a national security issue
Ivanhoe Mines chairman says mining companies will have to be “real heroes” and governments will have to accept the industry if the world is to successfully transition to clean energy.
Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth.
Analysts see the long-awaited deal to sell potash to Chinese buyers as good news for the beleaguered sector, even though the agreed price is dramatically lower than last year’s.
Chinese import price for 62% iron content fines at the port of Qinqdao rose 6.7% to $59.38 a tonne, the largest one-day percentage increase since April 21.