Copper price below $8,000 as slowdown fears mount
"Inventories for metals are shrinking to multi-year lows."
MINING.COM Staff Writer
Posts by MINING.COM Staff Writer:
Iron ore price tumbles as China’s demand outlook darkens
Chinese mills have idled dozens of blast furnaces as stocks piled up after domestic demand weakened, hit by covid-19 restrictions and bad weather.
Copper price heads for biggest quarterly plunge since 2011
"We still see metals falling as a recession in the US is fully priced in," said Commerzbank analyst.
Iron ore price down despite China’s move to ease covid curbs
"Market participants want to see actual demand rising, rather than officials talking about it."
Iron ore price up despite gloomy demand outlook
In China's steel production hub, Tangshan city, 56 of the 126 blast furnaces were shut for maintenance, according to Sinosteel.
Iron ore price rebounds after Chinese President pledges to meet development targets
Xi Jinping re-iterated the country’s “social and economic development targets” at a business forum.
Copper price at 16-month low as slowdown fears hit industrial metals market
"The commodity world’s flagship is under fire,” one analyst said.
Iron ore price lowest since December on worries of oversupply of steel in China
Renewed covid restrictions dampening overall domestic demand.
Copper price falls to lowest since March 2021 as recession fears rattle the market
Mining stocks also slid, with BHP Group down almost 10% from the previous week, Glencore down 8%, and Freeport-McMoRan down 16%.
Copper price rises as looming strike in Chile adds to supply worries
Workers at Chile’s state-owned Codelco will start a nationwide strike on Wednesday to protest the government’s and the company’s decision to close a troubled smelter.
Food security is national security: Potash gets ready for a closeup
The Department of the Interior released a draft 2025 list of 54 minerals critical to the US economy, including potash.
