Base Metals Market

Signs of quick global recovery supports copper and iron ore prices

Signs of quick global recovery supports copper iron ore prices

Iron ore rates surged on Monday. Several factors have boosted metal prices. On the one hand, stockpiles in China shrunk. The country is responsible for more than 70% of the world’s seaborne iron trade. On the other hand, there have been fears about supply from Brazil, the number two supplier of iron ore in the …

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Copper giant Peru to gradually lift restrictions on mining sector this month

Copper Peru to gradually lift restrictions on mining sector month

Copper giant, Peru Copper Inc. will slowly ease restrictions on key industries including mining and construction in May, according to the decree of the Government of Peru on Sunday. Production activity had been practically paralyzed since mid-march amid the nationwide lockdown to curb the spread of the coronavirus outbreak. El Peruano, the official daily newspaper …

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