Business
Copper price moves to seven-year high on Biden plan, weaker US dollar, production decline – Stockhead
The price of copper has surged to a seven-year high of $US7,300 per tonne ($9,910/t) as demand heats up on a recovering global economy and a weaker dollar.
Link copied toclipboard
- Copper up 58 per cent from March low, market headed for a 50,000 tonne deficit in 2020
- ‘It is anticipated that 2020 will be the second consecutive year of decline’
- ASX copper explorers Comet Resources, Freehill Mining and SSR Mining up in morning trade
The price of copper has surged to a seven-year high of $US7,300 per tonne ($9,910/t) cash basis as demand for the industrial metal heats up with a recovering global economy and is supported by a weaker US dollar.
The red metal’s…
Continue Reading
-
Noosa News22 hours agoEnsure voices are heard – Proctor
-
Noosa News24 hours agoCity of Moreton Bay claims homeless people consented to having camps thrown away
-
Noosa News18 hours agoMajor crash on Gateway Motorway snarls morning commute
-
Noosa News23 hours agoEric Bana Is Back in Murder-Mystery Mode (and in Scenic Surroundings) in the Trailer for New Netflix Series ‘Untamed’