Tag: raw materials
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Copper rebounds as China’s factories unexpectedly return to growth – ET Auto
Three-month copper on the London Metal Exchange (LME) was up 1.5 percent to $4,838.50 a tonne, as of 0124 GMT, reversing a streak of three straight losses. SINGAPORE: Copper prices rose on Tuesday, with Shanghai copper touching a near two-week high, as top consumer China surprisingly reported an expansion in factory activities this month. The
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Bolivia’s largest mine suspends operations as virus controls tighten – ET Auto
Zinc is considered as a key element of electric vehicle batteries and Bolivia is one of the major producer for that. LA PAZ: Bolivia‘s San Cristobal mine, a huge desposit of zinc, lead and silver, has suspended operations after the country imposed tough rules to halt the spread of coronavirus, its operator Minera San Cristobal
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Chile’s Codelco copper output drops 5.3% in 2019, profits plunge – ET Auto
Codelco said in end-of-year results it produced 1.59 million tonnes from its wholly owned mines in 2019, and that profits had fallen 17% from the previous year to $1.34 billion. SANTIAGO: Chile‘s state-run Codelco said on Friday output had dropped 5.3% in 2019, driving profits down sharply as the world’s top copper producer continues to
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Coronavirus pandemic may impact steel makers’ performance in Q1 FY21: ICRA – ET Auto
The key demand drivers construction and infrastructure sectors besides the automobile and capital goods sectors, continue to witness muted or negative growth due to coronavirus pandemic. New Delhi: The performance of Indian steel players is likely to be affected in the first quarter of 2020-21 due to the coronavirus outbreak and the subsequent nationwide lockdown,
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