Copper has been on the rebound this week, surging more than 12 percent since Monday (July 24). Prices hit a two-year high of $6,400 per tonne on Tuesday (July 25) on the back of supply concerns spurred by a brighter outlook for Chinese demand. The top copper consumer has outlined plans to ban imports of scrap metal by
For Eric Fry, The Oxford Club’s macro strategist, we are in the early stages of a new commodities cycle that will last anywhere from eight to 10 years, led by a green energy revolution that will increase demand for base metals. “This commodities cycle is different to others in that it has been poor in some sectors,
Copper prices hit a fresh two-year high on Monday (July 31), closing the month 7 percent higher at $6,347.11 per tonne. The rise was supported by upbeat Chinese data, supply disruptions and a weaker dollar. Recent news about a potential Chinese ban on some copper scrap imports sent signals of a possible demand boost for refined copper later
Tantalum Inevesting In a new report, UK research firm Roskill predicts that tantalum consumption will rise by over 3 percent per year to 2026 on higher demand for computers, mobile phones and other consumer electronics that contain tantalum. The firm explains that a floor price of $50 to $60 per pound for tantalum pentoxide