Copper’s outlook under threat as economic risks pile up
CRU’s latest forecast calls for global copper demand to rise 2.1% per year to 28.5 million metric tons by 2030.
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Copper price slips as China demand woes resurface
Metal price fell as a stronger US dollar and renewed worries over demand due to partial lockdowns in China weighed on sentiment.
Iron ore price extends decline on China lockdown fears
"Fresh lockdowns and mass testing in Beijing, Shanghai, and now Inner Mongolia is the realization of the ferrous market's worst fears," said Atilla Widnell, managing director at Navigate Commodities.
US automaker CEOs, Toyota urge Congress to lift EV tax credit cap
The current $7,500 tax credit phases out after a manufacturer hit 200,000 vehicles sold.
