Coal News Hubb
Advertisement Banner
  • Home
  • News
  • Coal Mining
  • Contact
No Result
View All Result
  • Home
  • News
  • Coal Mining
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home News

Copper price rises on China-led demand hopes

admin by admin
January 6, 2023
in News


[Click here for an interactive chart of copper prices]

The most-traded February copper contract on the Shanghai Futures Exchange rose 1.5% to 65,060 yuan ($9,460.25) a tonne.

Economists and analysts believe policymakers in China will roll out more support measures to stimulate demand this year, as part of Beijing’s overall goal to bolster the $17 trillion economy after a sharp covid-induced downturn.

The probable modest demand recovery in the property sector will propel the demand for industrial metals.

The sentiment was also buoyed by news that China will reopen on Sunday, welcoming international travelers and returning residents without the need to quarantine for the first time since 2020.

China’s southern manufacturing hub of Guangzhou plans 1,722 projects in 2023 worth more than 6.5 trillion yuan ($945 billion), state media CCTV reported on Thursday.

On the output front, Chile’s total copper production fell 6.9% in November to 449,000 tonnes, government body Cochilco said on Thursday.

(With files from Reuters)





Source link

Previous Post

Large investors challenge Glencore’s coal development plans

Next Post

Rock Edge signs option agreements to acquire Canada properties

Next Post

Rock Edge signs option agreements to acquire Canada properties

Recommended

EPSA and Immersive Technologies Partner in Global Mining Workforce Development 

2 months ago

Use of dispute financing in the mining sector

4 weeks ago

© 2022 Coal News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Coal Mining
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Coal Mining
  • Contact

© 2022 Coal News Hubb All rights reserved.