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Doctor Copper In Rude Health But US Jobs Growth Anaemic

Doctor Copper In Rude Health But US Jobs Growth Anaemic
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Copper price hits record high as Chile gives bulls another reason to cheer

Copper price hits record high as Chile gives bulls another reason to cheer SX-EW processing at Chuquicamata mine in Chile. Image from Codelco. The world’s top copper producer Chile is giving bulls another reason to cheer while prices soared to an all-time high on Friday as optimism about a global rebound from the pandemic spurs a surge across commodities markets. Copper for delivery in July ended the day up 3.2%, with futures trading at $4.7490 per pound ($10,470 a tonne) on the Comex market in New York. Sign Up for the Copper Digest Sign Up Chile’s lower house on Thursday approved a measure that would introduce progressive taxes on copper sales, potentially creating a total burden of more than 80% or almost double that of other major copper-producing nations.

Peak Aluminum Looms for China as Xi Pushes New Green Mission

Peak Aluminum Looms for China as Xi Pushes New Green Mission Bloomberg News, Bloomberg News BC-Peak-Aluminum-Looms-for-China-as-Xi-Pushes-New-Green-Mission , Bloomberg News (Bloomberg) China’s hawkish climate policy is poised to do what years of international pressure didn’t: halt the growth of the world’s biggest aluminum industry. As policymakers in China puzzle over how to meet President Xi Jinping’s goal for carbon neutrality by 2060, the industry that relies heavily on coal-fired power is in the government’s crosshairs. A recent halt on new projects by one major aluminum production hub triggered talk of a wider blitz that could end a decades-long expansion to capture almost 60% of global output.

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