Copper price surges to 28-month high
Strikes in top producer Chile, hopes of US economic stimulus and robust Chinese data spark copper price rally – now up 63% since pandemic lows.
Frik Els
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Nickel, copper prices near new highs as China powers on
Nickel at 11-month high and copper close to fresh two-year peak as China's construction and industrial production soars going into the fourth quarter.
Gold price rally lifts Top 50 mining stocks above $1 trillion for first time
Gold, copper and iron ore price rally sees value of world's 50 biggest mining companies recover pandemic losses.
Copper price in biggest drop since height of pandemic
Copper price rally comes to abrupt halt with 6% fall on Thursday as stockpiles balloon despite heavy Chinese buying.
Iron ore price jumps 5% after Vale suspension
"Supply disruption could provide short-term support to the market, which has eased from six-year highs earlier this month."
Copper price surges on booming Chinese factories
Gauge of manufacturing shows new orders at China's factories jumping to 9-year high as top copper consumer enters "above-trend growth" period.
Mines are the biggest holes in Tesla’s $25,000 car plans
“We sorta take a chunk of dirt out of the ground, remove the lithium, and put the chunk of dirt back where it was. It will not look, like, terrible. It will be nice.”
Monday mining massacre as gold, copper, iron ore prices tank
Gold price falls $70 an ounce, copper drops over 3% and iron ore rout accelerates, sending shares in major mining companies skidding.
Iron ore price rally turns into rout
Iron ore price falls 6% since Monday as supply concerns ease and port inventories climb.
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Cobalt, nickel price rally lifts EV Metal Index to 2020 high
Cobalt prices are up 30% this year and nickel has rebounded from its pandemic lows, powering the MINING.COM EV Metal Index to $1.2 billion so far this year.