Commodity Trade Mantra

Posts Tagged ‘Codelco’

Upcoming Labor Negotiations Might Boost Platinum, Copper Prices

The world’s #1 producing nations for platinum and copper are facing a common problem this week. And latest developments suggest this issue could be a potentially explosive one. The challenge is labor negotiations in the mining sector. Watch for the reaction of the unions to these offers, and for any signs of brewing unrest that could impact production in both of these critical countries.

Copper Hits Fresh Lows Not Seen Since March 2009

China is facing an unprecedented drop in refined copper imports as a slowing economy erodes demand. Concerns metals demand is ebbing deepened as Codelco, the biggest copper producer, cut its surcharge for sales to China by 26 percent next year. The reduction highlighted waning consumption in the Asian country.

Copper Surplus ‘Underplayed’; But More Capacity Needed

Copper supply always seem to be an issue at the top of the agenda in metals markets, and 2014 is set to be no different, says Macquarie Commodities Research. 2016-2018 look like a strong recovery period for the copper market and copper price, with moves back towards, $8,000/t likely.

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