Copper/USD

Austral Resources Australia is planning to team up with Swiss commodities giant Glencore to boost copper cathode production. Austral Resources aims to explore oxides in Glencore’s tenure, situated nearly 100m north-east of its own Lady Annie mining lease in Queensland, Australia. The companies plan to set up a steering committee to discuss formal binding ...

Since the China reopening rumours/news back in November 2022, Copper has been rallying strongly as the market expected more demand for the metal considering also that China is the world’s largest copper importer and consumer. Those expectations started to ebb as China’s factory recovery kept on disappointing and China’s copper imports even fell in the first ...