October 18, 2023

On October 17th, foreign media reported that Teck Resources (Toronto Stock Exchange: TECK Resources), Canada’s largest diversified mining company, is facing two charges from the Chilean environmental regulatory agency SMA, for alleged violations of permits at the Carmen de Andacollo copper mine. Authorities stated on Tuesday that Teck could face fines of up to 7.6 […]

Anticipating a hard landing, the market remains cautious, and overnight London lead briefly surged before retreating, closing with a 0.67% gain. While delivery supplies have been piling up as scheduled, increased buying interest from downstream users at lower levels is supporting Shanghai lead, ending its decline and causing it to rebound slightly, with expectations of

Rising U.S. bond yields and hawkish bets exerted pressure on base metals. Additionally, robust economic reports further strengthened the Federal Reserve’s determination to maintain high interest rates, causing a cautious sentiment in the market. Overnight, London copper fluctuated and closed with a decline of 0.29%, with the latest closing price at $7,961 per ton, down