15
Jul
14:02
China’s Covid policy, economic uncertainty weigh on copper: Rio Tinto
Rio Tinto said Friday uncertainty surrounding the global economy and China’s Covid-zero policy weighed on the prospects of copper demand in Q2 2022, Kallanish reports.
Prices started trending down in late April, after reaching a record quarterly average price in Q1. The LME copper price declined 20% at the end of the second quarter to $3.74/pound.
The miner’s average realised copper price in Q2 was $4.41/lb, which is 2.6% lower than $4.53/lb in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous