Copper price pressured by crumbling demand
"It's clear we will have lower demand and potentially lower prices into the latter part of this year," says Bank of America.
Latest Stories
US coal prices climb past $200 as global energy crunch boosts demand
Coal remains a leading fuel in US power plants, and the soaring prices will ratchet up pressure on US homes already struggling with record-high electricity bills.
Sibanye-Stillwater raises stake in Finland’s Keliber
Keliber aims to be the first fully-integrated lithium producer in Europe, targeting first production in 2024.
Gold price extends rally as Treasury yields retreat continues
Bullion kept its momentum going and extended its first weekly gain in three.
EV makers must partner with miners to secure key metals
Lithium demand is forecast to almost triple by mid-decade from last year’s level, BloombergNEF said in a July report.
Column: Iron ore navigates choppy seas amid some positive China signs
Iron ore is managing to steer a fairly straight course despite the headwinds and crosswinds being thrown about by both the Chinese and global economies, writes Andy Home.
India’s platinum imports jump to a record high as gold refiners take advantage of tax change
Refiners imported a large amount of gold containing platinum but registered the purchases with customs as a platinum alloy to avoid paying higher duties.
BHP lifts steel consumption forecast on surging demand from renewable power farms
The miner forecasts surging demand for wind and solar farm equipment to boost steel demand by 2% in 2030 and by 4% in 2050.
Mitsui Mining expects H2 zinc output to rise 0.2%
Japan's biggest zinc smelter plans to produce 110,800 tonnes of refined zinc in the second half of the 2022/23 financial year.
