Copper price surges on Peru worries, China futures launch
Copper price at fresh multi year high on worries over Peru concentrate supply, optimism about new Chinese futures contract open to international investors.
In light of the Indonesian mineral ore ban that came into force on January 12th 2014, Wood Mackenzie says the aluminium industry - particularly in China - faces a challenge to address a growing shortage of the raw material bauxite, an aluminium ore.
Beijing is curbing the use of industrial metals and iron ore as collateral in short-term financing creating a vicious circle as deals are rapidly unwound.