Export restrictions may threaten the green transition, OECD says
The restrictions have increased more than five-fold in the last decade to a point where 10% of the global value of exports is subject to at least one measure, the OECD says.
Macro headwinds in the form of slowing growth impetus in China and the spread of the Delta variant of covid-19 are currently outweighing copper’s micro-dynamics.
According to stakeholder intelligence firm Alva, labour relations contributed <1% material impact last quarter but it fell to -11% in Q2, as industrial action increases across the mining sector.