首页|Big copper miners disappoint with March quarter production
Big copper miners disappoint with March quarter production
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NSTL
A steep fall in the price of copper over the past month could have been a lot worse if not for what seems to have been an equally steep fall in supply. The 9% drop in the copper price from US$4.84 per pound in early April to latest trades at $4.40/lb has been blamed on sluggish demand in China as it enforces widespread COVID lockdowns and fear of a global recession due to the Ukraine war. But copper might easily have slipped into the $3.90/lb range last seen 12-months ago if not for all of the major copper mines missing their production guidance targets, some by a wide margin.
NSTL
