First, in real terms the copper price is nowhere near a record high. And the 2000s China-induced supercycle wasn’t the first to originate in Asia either.
Rio said the landslip had been expected based on geo-technical monitoring at the mine, and all personnel had been removed from the area in advance to ensure safety.
Bottlenecks at London Metal Exchange registered warehouses in Malaysia owned by metals storage firm ISTIM UK are adding to the difficulties aluminum consumers in the United States and Europe face in getting the metal they need.