Copper price rebounds on Chinese demand revival hopes. mining copper
“There’s high-level data showing that things are beginning to stir in China, but when it comes to infrastructure and construction, it will take a bit more time,” said independent consultant Robin Bhar.
“There’s good dip buying around to support the underside. People are taking the opportunity to build longs, whether tactically as we go into Q2 or strategically because of the green energy transition.”“The demand is bad but the outlook is good. People are just hoping for a recovery in March,” said a metals trader, expecting prices to continue to trade sideways until March.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Significant ‘advances’ made in Panama copper mine dispute – ministerSignificant ‘advances’ made in Panama copper mine dispute – minister miningnews
Read more »
Exclusive Video: Kodiak Copper CEO discusses new discoveries at MPD project in BC - The Northern MinerClaudia Tornquist, President & CEO of KodiakCopperCo $KDK.V discusses the company’s MPD porphyry project in BC, which was “handpicked” by Chris Taylor, chairman and fmr. head of Great Bear Resources before its acquisition by Kinross Gold. Full video here:
Read more »
Ivanhoe Electric stock surges on Santa Cruz resource updateThe overall project-wide contained copper in indicated resources increased by 11% to 2.8 million tonnes.
Read more »
Freeport Indonesia hopes flood-hit mine can partially resume before end-FebThe mine typically produces nearly 5 million pounds of copper concentrate and 5,000 ounces of gold daily.
Read more »
Peru protests jolt mine activity with Las Bambas, Antapaccay hit hardestThe world's no. 2 copper producer has been roiled by protests since the Dec. 7 ouster of President Pedro Castillo.
Read more »
Bitcoin mining report: Feb. 14Bitcoin mining stocks were higher on Tuesday.
Read more »