Copper price set for worst week since 2022 as China Plenum disappoints
Copper prices have retreated from a record hit in May on concerns about the strength of demand in China.
China’s energy administration has approved a new coal mine project with an estimated cost of 4.8 billion yuan ($756 million) in the northern province of Shaanxi, it said on Tuesday.
The mine will have an annual production capacity of 3 million tonnes, the administration said.
($1 = 6.3489 Chinese yuan renminbi)
(By David Goodman)
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