Copper prices have fallen more than 25% since their March 2022 highs as interest rate hikes and fears of a global recession have dampened expectations for the metal’s demand.
Heron Construction Company has been contracted by New Zealand’s South Port to remove fragmented rock from the port entrance channel by dredging this material. The New Zealand company will remove rock sediments created by previous blasting works to the channel in the 1980s.
China averaged nearly 10% annual real GDP growth from the 1990s into the 2010s, but for the 2020’s, growth may average more like the 3% or 4% of a mature industrial economy – still more than U.S. or Europe, but well off the former pace.