Copper is walloped and a strongly-opposed mine and project may both have a path to production
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Copper futures slid 7% to $4.20, the metals worst drop since 2022, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable. Worries about China's economy hurt copper. However, gold hit an all-time mid-week on Federal Reserve's pivot, as well as U.S. political developments. In mining news, Panama’s government says it will engage with First Quantum Minerals Ltd. in the coming months to discuss the environmental impact of its shuttered copper m...
Financial markets ended the week on strong footing as stocks, gold, and Bitcoin all trended higher, with the S&P besting its previous all-time high by a hair, while gold bulls stampeded their way above $2,700/oz for the first time in history.On Saturday mining audiences manager Michael McCrae...
Published 10/19/24
Copper prices were down 1.7% for the week, but a weekend press conference by China's finance ministry could provide the metal with a lift. On Friday mining audiences manager Michael McCrae recorded Kitco Roundtable. China’s finance ministry holds a Saturday press conference to announce policies...
Published 10/12/24