China and electric cars drive new commodities supercycle
Demand from the world s second-biggest economy China has sent metal prices soaring, but some investors want even bigger rises gains first
8 May 2021 • 12:01pm
The price of iron ore, a key ingredient in making steel, rose above $200 a tonne for the first time this week
Credit: AFP PHOTO / RIO TINTO
In his latest quest to find buried riches, Anglo-American boss Mark Cutifani has turned to the desolate mountains of southern Peru.
Here, among the dusty roads of Moquegua, work is underway on the $5.3bn (£3.6bn) Quellaveco copper mine, the company’s biggest new project in more than a decade.