Copper price heads for biggest weekly gain in two months
Goldman Sachs this week raised its 12-month target for copper to $11,000 a tonne, while Citi recommended clients take on bullish copper exposure over the next few weeks.
China approves 10mt coal mine project in Shaanxi
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China’s National Development and Reform Commission on Thursday approved a coal mining project in northern Chinese province Shaanxi with an annual production capacity of 10 million tonnes.
The project, owned by a coal subsidiary of Shaanxi Yanchang Petroleum Group, involved a total investment of 12.43 billion yuan ($1.92 billion).
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