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Chile Continues To Push For Copper And Lithium Nationalization

Chile's Constituent Assembly on Saturday approved an early proposal that would open the door to nationalizing some of the world's largest copper and lithium mines.

Copper Prices Continue To Rise As Supply Worries Escalate

Last week, copper prices continued to be affected by the situation in Russia and Ukraine. In the early part of the week, copper prices slowly strengthened, and then the expectation of the Fed to strengthen hawkish actions in March decreased, superimposed on the supply worries brought about by the situation in Russia and Ukraine, copper prices gapped and rose.

Analysis Of The Impact Of Russia-Ukraine Situation On The Copper Market

Since mid-February 2022, the conflict between Russia and Ukraine has intensified, triggering a series of international changes such as sanctions in Europe and the United States.

Sea, Land And Air Transportation Is Affected By The Conflict Between Russia And Ukraine, And The Global Supply Chain Is Facing A Crisis

The ongoing conflict between Russia and Ukraine and the escalation of related sanctions are making it increasingly difficult to transport goods between Europe and Asia

Copper Price Fluctuates Up Today

Imports are closed, production of downstream processing enterprises in China has basically resumed, demand is improving, spot inventory growth has slowed down, and copper prices have fluctuated upward.

Rusal Suspends Alumina Exports From Nikolaev Refinery

Rusal has suspended alumina exports from its Nikolaev refinery near Ukraine's Mykolaiv port

Chilean Copper Output Hits Lowest Level In 11 Years In January

Chile's copper production in January 2022 was 429,923 tons, the lowest level since the same period in 2011, down 15% month-on-month and 7.5% year-on-year.

How Will The Russia-Ukraine Conflict Affect Copper Prices?

Russia currently accounts for 30%-40% of the European gas market. As the conflict continues to escalate, the prices of related energy sources such as natural gas and electricity have driven up production and transportation costs, and inflationary factors have continued to superimpose.

The EU Is Mulling The "Toughest Sanctions" Against Russia, Leading To A Surge In Commodity Prices

Affected by the latest situation in Ukraine, the prices of global commodities such as oil, natural gas and grain soared on the 24th. The European Union is scheduled to hold a summit that night to discuss the "hardest sanctions" against Russia.

Copper Prices Remain Volatile This Week

The sudden escalation of geopolitical risks, the risk aversion in the market further intensified, and the poor consumption after the Chinese Spring Festival dragged down the performance of copper prices, but it was not pessimistic. In addition, overseas copper inventories continued to be low to support copper prices, and short-term copper prices maintained a wide fluctuation pattern on one side.