-- China’s leading copper miner raised its output guidance at a time when prices have been rallying toward a record on expected deficits.Dow Average Touches 40,000 Before Pulling Back: Markets Wrap
Global copper prices are near all-time highs as aging mines are predicted to struggle to keep pace with demand fueled by the world’s green transition. The market has tightened significantly this year following the sudden shutdown of First Quantum Minerals Ltd.’s Cobre Panama mine and a cut to output guidance by Anglo American Plc.
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