“In the second quarter, however, production did not increase compared to the second quarter of last year. As a result, primary Copper production from ores has increased more than mining production over the last three months. This is likely to lead to more subdued production of refined Copper in the coming months, as this will put pressure on the margins of Copper smelters.”
Base Metal News
Copper is down by 2.02%
Copper Price Outlook: Copper decreased 2.02% to 4.092 USD/Lbs. Zambia’s copper output fell 2% in 1H this year as Africa’s second-largest producer of the industrial metal grapples with drought-induced electricity crisis at its hydropower plants, says Oxford Economics Africa. Its refined copper exports also declined 2% to 378,400 metric tons in 1H but earnings climbed to $1.9 billion in 2Q from a $1.5 billion in 1Q driven by robust global copper prices, it notes.
कमजोर चीनी मांग के बीच तांबे की कीमतें स्थिर रहीं
Copper Price News Today: चीन से कमजोर मांग की चिंताओं के कारण शुरुआती एशियाई व्यापार में तांबे की कीमतें स्थिर हैं। तीसरे प्लेनम शिखर सम्मेलन से प्रोत्साहन की कमी के कारण निवेशक देश की तांबे की मांग के बारे में अधिक निराशावादी हो रहे हैं,
BASE METAL NEWS – TRADING AT 2 YEAR LOW DUE TO TRADE CONFLICT
BASE METAL NEWS – Copper prices hovered around a two-year low on Tuesday as the further escalation in the U.S.-China trade conflict delayed a resolution to a dispute that has depressed economic growth and increased fears over metals demand.
Base Metal Fall 22 May 2019 – Gold Silver Reports
There is pressure from the beginning of business in crude oil. It is around one percent below the futures price. Indeed, in the US, because of the increase in the stock prices have fallen in the global market. At the same time the decline in base metal has increased.