CopperPrices

U.S. Copper Prices Drop as Trump’s Tariffs Weigh on Metal Demand

17 hours ago

In a significant turn of events, copper prices in the United States have experienced a marked decline amid growing concerns surrounding the impact of former President Donald Trump's tariffs on the metal sector. Industry analysts indicate that these tariffs could dampen demand for copper, a critical metal in various sectors, including construction and electronics.

Chile's Economic Growth Slumps in Q4, Mining Sector Takes a Hit

16 days ago

In a concerning turn of events for Chile's economy, the nation's growth slowed significantly in the fourth quarter of 2023, primarily due to a downturn in the mining sector. The country's gross domestic product (GDP) witnessed a growth of just 0.3% in the last quarter, marking a stark decline from the 3.5% increase reported just a year earlier.

Industrial Metals Struggle as Growth Concerns Mount Before US Tariffs

23 days ago

The industrial metals market is currently facing a downturn, driven largely by burgeoning fears surrounding global economic growth and the looming threat of new tariffs imposed by the United States. As stakeholders across various sectors weigh the implications of these tariffs, the prices of critical metals such as copper and aluminum have seen significant declines. This situation has raised alarms about the potential ripple effects on manufacturing and construction industries that heavily rely on these materials.

Peru's Economy Surprises with Unexpected Growth in September

5 months ago

In a noteworthy development for the South American nation, Peru's economy in September 2024 expanded at a rate that eclipsed economist predictions, signaling resilience amidst a challenging global environment. According to the latest data, the country's growth hit an impressive 3.52%, far exceeding the Wall Street Journal’s forecast, which anticipated an increase of just 2.9% for the third quarter of the year.

Chile's Economic Activity Faces Unexpected Decline for Second Consecutive Month

5 months ago

In a surprising turn of events, Chile's economy has exhibited signs of contraction for the second consecutive month, raising concerns among economists and investors alike. The latest data released by Chile's National Statistics Institute (INE) reveals that economic activity, measured by the Monthly Index of Economic Activity (IMACEC), declined by 0.4% in September compared to the previous month. This follows a similar contraction in August, leading to heightened discussions about the potential implications for the nation's economic outlook.