Trade spats to curb industrial metals demand: BMO
BMO Capital Markets has lowered its demand estimates for next year on the anticipation that higher tariffs and multilateral trade friction could tamp down industrial output.
Las Bambas Operations Manager Edgardo Orderique said on Thursday that the process to resume copper output at the Peruvian mine will take 5-6 days, after reaching an agreement with the local community.
“Given this agreement, we are going to give all the necessary notices to resume operations. The entire cycle takes between five to six days”, he said to a La Republica reporter.
“Everybody has committed to reach an agreement, and now we believe we have a sustainable deal, that will enable the company to restart operations”.
(By Marcelo Rochabrun and Carolina Pulice; Editing by Sandra Maler)
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