Prices will fall across metals and mining in 2023 – Woodmac
Commodity research firm says production growth, weaker demand and negative sentiment in the industry will see iron ore, copper and industrial metals sink next year.
Environment officials and campaigners have called for a global moratorium on deep-sea mining and on issuing new exploration contracts unless marine ecosystems can be effectively protected.
About 200 tonnes of nickel, 50 tonnes of copper, 80 kg of platinum group metals, 2 kg of gold and 44 kg of silver were extracted last month from low-nickel pyrrhotite product.
The iconic trading floor reopened this week after dealers lobbied the LME not to push ahead with a plan to switch permanently to fully electronic pricing.