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Chile output falls for 10th consecutive month, adding fuel to copper price rally Image from Codelco. The world’s top copper producer Chile saw output of the red metal fall for the tenth consecutive month in March, government statistics agency INE said on Friday. Copper output fell 1.3% in March, to 491,720 tonnes, the agency said, coinciding with a raft of new restrictions on movement and commerce, following the Southern Hemisphere’s summer holidays. Sign Up for the Copper Digest Sign Up Meanwhile, the copper price topped $10,000 a tonne for the first time since 2011 on Thursday, nearing the all-time high set that year as rebounding economies stoke demand and mines struggle to keep up. ....
Apr 28 2021, 5:56 AM April 27 2021, 11:01 AM April 28 2021, 5:56 AM (Bloomberg) Copperâs stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic. (Bloomberg) Copperâs stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic. Copper extended gains to the highest in a decade on Tuesday as global growth underpinned a rally in metals markets ranging from aluminum to iron ore, which by one measure reached a record high. Commodities are advancing toward the highs of the last supercycle, when prices spiked in the early 2000s on a jump in Chinese orders. ....
MONEYWEB app instead? As bulls bet on global rebound. By Bloomberg News 28 Apr 2021 08:16 Image: Bartek Sadowski/Bloomberg Copperâs stunning rally toward all-time highs above $10 000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic. Copper extended gains to the highest in a decade on Tuesday as global growth underpinned a rally in metals markets ranging from aluminum to iron ore, which by one measure reached a record high. Commodities are advancing toward the highs of the last supercycle, when prices spiked in the early 2000s on a jump in Chinese orders. ....
Copper Surges Toward $10,000 as Bulls Bet on Global Rebound Bloomberg 2 hrs ago Bloomberg News (Bloomberg) Copper’s stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic. Popular Searches Copper on Tuesday extended gains to the highest in a decade as global growth underpinned a rally in metals markets ranging from aluminum to iron ore. Palladium climbed toward $3,000 an ounce. Commodities are advancing toward the highs of the last supercycle, when prices spiked in the early 2000s with a jump in Chinese orders. ....
Read more about Copper surges toward $10,000 as bulls swarm in to profits on global rebound on Business Standard. Producers worry that plans to boost mining royalties could stifle investment and make the country less competitive ....