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Copper futures soared to a record high of $5.13 per pound before easing to $5.05 on Wednesday, driven by mounting concerns over insufficient supply and heightened speculative demand, further intensified by a short-squeeze in the US.
(Reuters) -Panama President-elect Jose Raul Mulino on Thursday pulled business leaders and an economist into his ranks, the first cabinet selections in what Mulino has promised will be an administration friendly to the private sector. Mulino, whose government will begin the transition process next month, tapped business leader Felipe Chapman for the economy and finance minister post and economist Javier Martinez-Acha as foreign minister.
“Mulino voters are hoping to go back to the time of Martinelli when there was a lot of economic growth and prosperity,” said the AS/COA vice president.
First Quantum Minerals Ltd. will seek talks with Panama’s incoming president in an effort to resolve the dispute that shuttered the Cobre Panama copper mine.…
Freeport-McMoRan is preparing to ship as much as 900,000 metric tons of copper concentrate starting in June from its Grasberg mine after positive talks with Indonesia to extend its export licence,...