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Nitish Kumar will never forget the day he and his sisters buried their dead mother in the back garden. Just 32, Priyanka Devi had died from Covid on 3 May. Neighbours and relatives refused to help with her burial, and all the family’s money had gone on hospital fees. The coronavirus pandemic had hit his family, who live in the small village of Madhulata in the deprived Indian state of Bihar, with a tragic double blow. It was his father,.
Copper price crashes through $10,000 as China premium hits 9-year low
Copper prices fell on Thursday to a near six-week low on signs of weakening demand in China and expectations about US jobs data.
Copper for delivery in July was down 3.5% from Wednesday’s settlement price to $4.4295 ($9,765 per tonne) early Thursday afternoon on the Comex market in New York. The selling came amid heavy volumes with more than 120,000 contracts with a nominal value of $13 billion changing hands by lunchtime.
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In a sign that China’s appetite for overseas metal seems to be fading, Yangshan copper import premiums fell to $28.50 a tonne, the lowest since at least 2012.
HANOI Copper dipped on Wednesday, hit by signs of weakening demand in top consumer China, while a firmer dollar made greenback-priced metals more expensive…