Consensus forecast is for two years of stagnant copper prices
Copper is down 20% so far in 2022 and a new survey of over 30 investment banks and economic researchers sees little prospect for an exit from the bear market.
With copper’s key role in the transition to greener forms of energy to fight climate change, companies are accelerating their work plans at copper projects around the world.
Iron ore shipments from Australia and Brazil stood at 26.14 million tonnes last week, up by 1.1 million tonnes from the week earlier, data from Mysteel consultancy showed.