COMEX Copper futures tumbled today as equities pulled back and markets eyed renewed worries on the Covid front in China. Wuhan locked down one of its central districts after Covid cases were found, as China persists with a zero tolerance approach to the virus almost three years after the pathogen first emerged in the city. The equities slipped in Asia and Europe and COMEX Copper […]
Global mining major Glencore projected that its Copper production from own sources is estimated at 770.5 thousand tonnes in 2022, down around 14% compared to 895 thousand tonnes in 2021. The company noted that operational performance over the third quarter was impacted by a range of events including extreme weather in Australia, industrial action at nickel assets in Canada and Norway (since resolved) and the […]
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