Recently, the three largest copper mines dealt a blow to the supply to the global market. The Escondid copper mine in South Africa and the Cerro Verde copper mine in Peru have announced their intentions to continue their efforts, and the Indonesian Grasberg copper mine has even stopped exports. The global copper market will depend on the activities of these copper mines.
However, the impact of the actions of the copper mine proved to be frequent. Copper prices are expected to be volatile but will not rise significantly this year. Industry experts estimate that copper supply at an annual rate will be stable, as usual if the strikes at the copper mine end soon.
The trend in copper prices will depend on the specific economic situation, electricity prices and end-user requirements.
Copper price remains volatile amid strikes by the world's largest mines
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Azovpromstal® 25 March 2017 г. 08:06 |
