Copper Price's Record Rally Highlights Global Mining-Smelting Mismatch, IPCPA Says
15 Articles
15 Articles
More than $14,850 per ton of copper is the record this week on the London Stock Exchange for a delivery contract in three months, before prices go down again. This record price illustrates the fear of the operators of missing red metal, in a geopolitical context very dependent on the decisions of the US administration.
Copper prices swing at historical record levels, amid sharp attractions between the scarcity of world supply and U.S. customs ambiguity, placing the red metal market on a upward path governed by political decisions and technological demand.
Copper Stocks Tumble as Tariff Doubt Reverses Record Rally: Freeport-McMoRan Sinks 8%, Teck Resources and Southern Copper Drop 7%
Shares of Freeport-McMoRan (NYSE:FCX) are sliding early Thursday as a record rally in copper reverses inside a single session. Freeport-McMoRan stock is down 8% to $70.43 after reports cast doubt on the refined-copper tariffs that had powered the metal to fresh highs earlier this week. The scarcity trade that built up all summer is unwinding […]
The Economic Times
Times of IndiaCopper price's record rally highlights global mining-smelting mismatch, IPCPA says
Copper prices are soaring to unprecedented levels, driven by a significant global supply imbalance. While mining operations struggle to meet demand, smelting capabilities are rapidly increasing. This disparity creates substantial structural challenges in the copper market. Moreover, anticipated US tariffs are affecting market behavior and inventory management. Tackling this issue is essential as the demand for copper maintains its upward traject…
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