Industrial metals have ripped higher since November on bets that China’s reopening will boost demand for raw materials. A group of “base metals” led by tin, zinc and copper have surged more than 20 per cent in three months, further supported by the US Federal Reserve signalling a slowdown in the pace of interest rate rises and a softening in the US dollar, which importers use to buy commodities. Star performer tin has rocketed almost 80 per cent to $32,262 per tonne, the highest level since June, while copper prices have rallied by a tenth this month to $9,329 per tonne on brighter prospects for China’s economy following the easing of its zero-Covid policies.
Freeport-McMoRan Inc. (NYSE:FCX) Q4 2022 Earnings Call Transcript January 25, 2023 Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Freeport-McMoRan Fourth Quarter Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. I would now like to turn the conference over to […]
In this article, we will take a look at the 13 biggest gold mines in the world. You can skip this part and go to 5 Biggest Gold Mines in the World. Investors almost always remain focused on the movement of gold, perhaps the most valuable and reliable asset in the world. Gold price touched […]