Overall copper prices fell in 2018, by 17.42 percent, completely different from market expectations.The reasons for the decline of copper prices are mainly from the macro perspective. First, the momentum of the global recovery is obviously weaker than expected. Except for the outperformance of the us and Japan, other major developed economies have seen their recovery momentum weakened to varying degrees.Second, trade protectionism is on the rise, and this trade dispute shows a different long-term and complex nature.Finally, the fed continued to raise interest rates, the us dollar index and the...
Release time: 2019 - 01 - 19
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Rio Tinto PLC, one of the world's largest mining companies, on Thursday released its 2018 operating report.Copper mine output in 2018 was 633,500 tons, up 33 percent from the previous year, the company said in a report.The mine is expected to produce 550-600,000 tons of copper in 2019 and 220-250,000 tons of refined copper in 2019.For its Kennecott copper mine, the company said copper production rose 37 percent last year from a year earlier as mining activity continued in an open, high-grade copper region and production efficiency improved.Rio said production of 50.4 million tons of bauxite in...
Release time: 2019 - 01 - 19
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