Cobre sigue cerca de máximo, riesgo de huelga apoya repunte gestion.pe - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gestion.pe Daily Mail and Mail on Sunday newspapers.
Due to the hope of global economic recovery, iron ore prices have risen by 10%
Iron ore prices jumped by more than 10% in Asian transactions on Monday, due to growing expectations that the global economy recovered from the Covid-19 pandemic will surpass China and boost the commodity market.
Singapore’s iron ore futures price rose to more than US$226 per ton, a record high in US dollars. In Dalian, China’s main commodity trading center, the most active futures contract price also rose by 10%.
After the price rise Nearest high In terms of steelmaking raw materials, together with other raw materials, they have been supported by strong demand from China’s rapid economic recovery, and are expected to benefit from support measures from global governments.
Indaba expands 2022 advisory board miningnews.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningnews.co.za Daily Mail and Mail on Sunday newspapers.
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Investing in African Mining Indaba (Mining Indaba) (www.MiningIndaba.com), organised by Hyve Group Plc announced the newly expanded Advisory Board last week. The strategic committee includes distinguished finance, technology, sustainability, mining operations, policy, and governance leaders whose focus will be to shape and guide the priorities of the conference.
“Designed to reflect the true voice of the industry in shaping the purpose and agenda, this is an important milestone for Mining Indaba,” said Tom Quinn, Head of Content, Mining Indaba.
“We carefully curated this Board to include industry experts whose collective experience ensures the conference has the guidance it needs to navigate its way in the mining industry”.
Copper’s surge toward a record high is starting to cause stress for industrial consumers in China, the world’s largest market for the metal.
Some Chinese manufacturers of electric wire have idled units and delayed deliveries or even defaulted on bank loans, according to a survey by the Shanghai Metals Market.
End-users, such as power grids and property developers, have also been pushing back delivery times, while producers of copper rods and pipes saw orders slump this week, the researcher said.
Copper on Thursday topped US$10,000 a tonne for the first time in a decade and has been among the best performers in