Global S&T Development Trend Analysis Platform of Resources and Environment
Copper price rises as looming strikes in Chile add to supply worries | |
admin | |
2021-05-26 | |
发布年 | 2021 |
语种 | 英语 |
国家 | 国际 |
领域 | 地球科学 |
正文(英文) | ![]() Escondida Mine, Chile. (Image courtesy of Rio Tinto)
Copper prices advanced on Wednesday, as a workers’ strike in Chile threatened already low supplies in the raw material market. Futures prices for copper metal for delivery in July was up 0.51%, at $4.52 ($9,944 per tonne) on Wednesday afternoon on the Comex market in New York. Click here for an interactive chart of copper prices A union representing workers at BHP Group’s Escondida and Spence copper mines has rejected the company’s contract offer, Reuters reported, and called on members to walk off the job starting Thursday. Escondida is the world’s largest copper mine. The 205 workers run the global resources company’s Integrated Operations Center, which manages pits as well as cathode and concentrator plants in the north of Chile. The threat of a strike comes as copper prices remain close to record highs. Meanwhile, concerns over mining investment in South America linger as the leading presidential candidate in Peru wants to impose a similar royalty tax on copper sales proposed in Chile. “Fundamentals remain supportive, with rising concerns over supply disruptions in South America due to labour negotiations and elections,” a Singapore-based copper analyst told Reuters.
The dollar, wallowing near a five-month low against major peers on Wednesday, is making greenback-priced metals cheaper and more appealing to holders of other currencies. Related read: Biggest copper project in decades begins production (With files from Reuters)
|
URL | 查看原文 |
来源平台 | Minging.com |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/327080 |
专题 | 地球科学 |
推荐引用方式 GB/T 7714 | admin. Copper price rises as looming strikes in Chile add to supply worries. 2021. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
查看访问统计 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[admin]的文章 |
百度学术 |
百度学术中相似的文章 |
[admin]的文章 |
必应学术 |
必应学术中相似的文章 |
[admin]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论