Copper price falls as China imports look “far from bullish”
Shares of major miners also fell in London trading, with BHP down 2.4%, Rio Tinto down 3.6%, Glencore -2.44%, and Antofagasta -1.25%.
Latest Stories
China’s green push kicks off with a new $10bn coal project
The decision by Ningxia and its timing is evidence that coal will still play a major role in China’s energy mix for the foreseeable future.
Russel: China’s lacklustre commodity imports throw spanner in new super-cycle works
Overall, the picture that emerges from the commodity import data is that China is at best ticking along.
Gold price returns above $1,700 in ‘short-term bounce’
While gold may extend gains near term, fundamentally, the pendulum swings in favour of bears, says analyst.
Peru mines minister predicts record copper output for 2021
Andean nation expects to hit a record copper output of 2.5 million tonnes in 2021.
Nornickel to take another week to halt water inflow at Siberia mines
Nornickel could loose 4-5% of its 2021 output if the two mines are suspended for one month.
Biden reimposes sanctions on mining magnate Dan Gertler
The Trump administration had quietly issued a special license that exempted Gertler from the sanctions until Jan. 31, 2022.
Ivanhoe completes 80% of phase one work at Kakula
First production at the copper mine in the Democratic Republic of Congo targeted for July.
Shareholders ask Rio Tinto to disclose climate targets, review lobby associations
They want Rio disclose short, medium and long-term targets for direct and indirect greenhouse gas emissions and chalk out its performance against those targets.
